• 2018 September 19 17:53

    Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future

    The Green Corridor Joint Industry Project (JIP) has ended on a high note, delivering a well-received LNG-fuelled Newcastlemax design for transporting iron ore and coal on the Australia–China route in Phase 1a, and upsizing it to the very large ore carrier (VLOC) class in Phase 1b. According to DNV GL, the project was recently concluded with a signing ceremony in Singapore.

    “The Green Corridor project brought together key stakeholders in the iron ore and coal trades, and the partners have made great progress in developing greener, more efficient, and future-proof designs. Innovations delivered will benefit not only ore and coal carriers, but the entire bulk segment,” says Morten Løvstad, DNV GL’s Business Director for bulk carriers.

    When the IMO confirmed the 2020 deadline for the 0.5 per cent global sulphur cap in 2016, key stakeholders serving the Australia–China iron ore and coal trade route, including major Australian miners BHP, Fortescue Metals Group and Rio Tinto, ship owners MOL and U-Ming, together with LNG supplier Woodside, ship designer SDARI, and class society DNV GL, decided to join forces to develop a suitable LNG-fuelled bulk carrier solution for the route. China Merchant Energy Shipping and Shell Eastern Petroleum joined the project in a later phase.

    The result was a robust, commercially viable and safe 210,000 dwt LNG-fuelled bulk carrier design, developed using leading-edge but proven technology. The Newcastlemax design from phase 1a was well received, and Approval in Principal (AiP) was issued by DNV GL in 2017. In Phase 1b, the project concluded work on a dual-fuel 260,000 dwt dedicated ore carrier design based on the same economical and technical principles.

    A key accomplishment of Phase 2 was to promote the development of optimized LNG bunkering supply chains to support efficient bunkering of bulkers along the trading route, in order to give the industry the confidence to invest in LNG-fuelled bulk carriers. Woodside and Shell advised on LNG bunkering possibilities in Australia and the APAC region and the related supply chain costs.

    Bunkering issues such as compatibility and safety studies for ship-to-ship bunkering have been addressed, and the economic calculation has been updated accordingly to demonstrate a more robust business case for LNG as fuel. Due to the rapid rise in crude oil prices over the past year, the price of low-sulphur marine fuel is now 50 per cent higher than when economics were analysed for Phase 1a in early 2017.

    U-Ming President C. K. Ong comments: “U-Ming is very happy to have worked with like-minded partners to find smarter ways to look after the environment, and we will continue to invest to stay ahead of the technological developments. We look forward to the project results being put into action to ensure sustainability in the Australia–China Green Corridor for the coming decades.”

    Woodside Chief Operations Officer Meg O’Neill says: “This collaborative project has demonstrated that there is a cleaner way to ship Australia’s largest export commodities to market using LNG as a marine fuel. Woodside will continue to work with industry partners to develop this opportunity.”

    BHP offered this observation on the collective effort: “This project demonstrates how greater connectivity in the maritime ecosystem allows us to resolve the big issues that impact the whole industry, such as higher safety standards and lower shipping emissions.”

    Morten Løvstad concludes: “DNV GL is very pleased to have been the project manager and collaborating classification society in such a productive and beneficial project. The cooperation between partners has in itself been invaluable, and the results will help to secure the sustainability of the route for the future.”

    About DNV GL

    Driven by our purpose of safeguarding life, property and the environment, DNV GL enables organizations to advance the safety and sustainability of their business. We provide classification, technical assurance, software and independent expert advisory services to the maritime, oil & gas and energy industries. We also provide certification services to customers across a wide range of industries. Operating in more than 100 countries, our professionals are dedicated to helping our customers make the world safer, smarter and greener.

    About DNV GL – Maritime

    DNV GL is the world’s leading classification society and a recognized advisor for the maritime industry. We enhance safety, quality, energy efficiency and environmental performance of the global shipping industry – across all vessel types and offshore structures. We invest heavily in research and development to find solutions, together with the industry, that address strategic, operational or regulatory challenges.


2019 June 17

18:24 USCG saves six people, tows disabled vessel in Port Etches
17:59 Denis Krylov appointed General Director of Gazpromneft-Sakhalin
17:28 China and South Korea agree on ballast water exchange rules
17:04 Mermaid Maritime borrows a loan of USD 65 mln to extend the financing of two vessels
16:41 Neptune Lines welcomes Neptune Galene & Neptune Thalassa after scrubber installation
16:23 DG Termināls invests about 1 million euros during the year
16:17 Finnish ferry getting a diesel-electrical drivetrain system
16:04 MSC Katya R. sets record as largest container ship to boost Costa Rican export links to Europe
15:45 Singapore to host 18th Vessel Efficiency & Fuel Management Summit
15:26 Onezhsky Shipyard launches multifunctional buoy tender for Volga-Baltic Basin
15:04 Hunter Group sells one vessel
14:42 Gdansk, Poland to host 6th Operating Specialist Wind Vessels Summit
14:19 Seatrade Europe conference programme to include Marine Interiors specialist panel discussions
14:12 ClassNK releases amendments to class rules
13:55 Finland hosts an EU–China maritime meeting
13:31 AWT completed stage III of modernization and expansion of the Paskov Terminal
13:24 Average wholesale prices for М-100 HFO down to RUB 16,007 in RF spot market
13:10 The Irish Port of Cork and Port of Amsterdam to collaborate
12:48 Pella Shipyard launches tugboat of project 90600, Sadko, built for Sevmash-Shelf (video)
12:31 Port of Oakland exports up 8.4 percent in May 2019
12:01 North Carolina Ports adopts Vortex port equipment simulator
11:30 MEYER WERFT announces the keel laying for the new cruise ship IONA
11:15 Throughput of port Shanghai (China) in Jan-May’19 declined by 1.3% to 225.91 million tonnes
11:00 Panama Canal issues proposal to modify tolls structure
10:59 Bunker sales at the port of Singapore in Jan-May’2019 fell by 7.7% Y-o-Y to 19.79 million tonnes
10:37 Fincantieri's Muggiano shipyard launches PPA “Paolo Thaon di Revel”
10:21 CMA CGM announces FAK rates from Asia to the Mediterranean
10:01 Brent Crude futures price is up 0.26% to $62.17, Light Sweet Crude – up 0.19% to $52.87
09:38 Port of Singapore throughput in Jan-May’2019 was nearly flat YoY at 261.39 million tonnes
09:19 Diana Shipping commences self tender offer to purchase up to 2,000,000 shares
09:16 MABUX: Bunker market this morning, June 17
09:10 Baltic Dry Index is up to 1,085 points

2019 June 16

17:13 DC area agencies to conduct mass rescue exercise off National Harbor
16:05 Boskalis appointed as salvor for both damaged tankers in the Gulf of Oman
15:53 Fincantieri and Naval Group sign a joint venture agreement
13:47 Diana Shipping Inc. announces the sale of a Panamax dry bulk vessel, the MV Thetis
12:47 WSC unveils its hybrid patrol vessel at Seawork 2019
11:41 GasLog Partners LP announces new multi-year charter agreement with Gunvor

2019 June 15

15:44 Wight Shipyard rolls out its new windfarm support vessel concept at Seawork Int'l 2019
13:17 Malta Freeport hosts its first LNG-powered container ship
12:53 Petrobras closes the sale of TAG
11:41 USCG, local partners respond to sailing vessel aground off Magic Island
08:43 Vessel training simulation underway at Tema Port’s new Terminal 3

2019 June 14

18:05 Ole Martin Grimsrud appointed CFO of Aker Solutions
17:44 USCG Cordova FOL crew saves man stranded for three days on Montague Island
17:05 Knud E. Hansen wins two separate contracts for innovative large RoRo vessels
16:41 Hapag-Lloyd to increase rates from North East Asia to Australia
16:26 Murmansk Sea Fishing Port handled 90,300 tonnes of cargo in Jan-May’2019, down 38.7% Y-o-Y
16:05 CMA CGM announces GRR from Asia to South Africa
15:14 “K” Line receives recognition for vessel speed reduction programs in the West Coast of North America
15:00 UK maritime industry leaders debate decarbonization, digital technologies and the future of safety at the annual ABS UK National Committee meeting
14:00 China Railway Container Transport signs strategic cooperation agreement with SITC International Holdings
13:38 Container throughput of Vladivostok Sea Fishing Port in 5M’2019 up 39% YoY to 89,649 TEUs
13:09 Algoma increases its interest in in the CSL International Pool
12:41 Port of Klaipeda (Lithuania) handled 19.77 million tonnes of cargo in 5M’2019, up 8.5% Y-o-Y
12:09 Global Ship Lease announces new charter agreements
11:32 Bunker prices continue going down at the port of Saint-Petersburg, Russia (graph)
11:09 ECSA issues statement on suspected attack on two oil tankers in the Gulf of Oman
10:51 France signs up to fishing vessel training treaty
10:30 Zhatai Shipyard to let build up to 10 river ships and scrap at least two ships per year