• 2018 September 20 11:04

    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. The project was recently concluded with a signing ceremony in Singapore, DNV GL said in its press release.
     
    “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.




2019 July 18

18:05 Future expectations for MPS Terminal 3 in the port in Tema outlined with Government delegation
17:24 PGNiG acquires interest in another gas field in the North Sea
17:18 DNV GL supports 2020 sulphur compliance with online Ship Implementation Plan
17:05 OOCL announces new Middle East / Indian Subcontinent – North Europe Service
16:35 Consortium including DEME and Jan De Nul explores pioneering high-wave offshore solar technology
16:07 Large maritime market players join hands to create high-wave offshore solar panels
15:52 State Duma makes it easier for foreign tourists to visit Russia’s Arctic
15:35 Incat Tasmania delivers new 111-metre ferry to Spain operator Naviera Armas
15:18 Hapag-Lloyd launches South-East India – Europe Express Service // IEX to start operations in October 2019
15:01 Operation ATALANTA welcomes ESPS CANARIAS
14:26 Bunker prices are slightly down at the Far East ports of Russia (graph)
14:00 Diana Shipping announces time charter contract for m/v Selina with Ausca
13:44 PortNews Media Group's anniversary celebration photo release
13:22 Aleksey Khaidukov as President of Novoship
13:00 Global Ports Holding invites proposals for Duty Free and Travel Retail operations at Malaga, Zadar, Cagliari and Catania cruise ports
12:47 East Mining Company eyes arranging offshore transshipment of coal in Kamchatka under Tata project
12:09 Wärtsilä posts financial results for January-June 2019
11:53 Construction of LNG-powered icebreakers to be financed by NOVATEK – Vyacheslav Ruksha
11:31 RF Deputy PM Maksim Akimov set a task to begin dredging in the Gulf of Ob not later than on 1 August 2019
11:09 Port of Muuga strengthened with new ferry connection to Finland
10:48 Primorsky MRC terminal to offer fully closed transshipment of loose cargo
10:30 MAN Energy Solutions gets subsea compression FEED order from Chevron
10:09 Port of Lowestoft names new state-of-the-art pilot boat
09:56 MABUX: Bunker market this morning, July 18
09:50 APM Terminals Callao launches Peru’s first digital customer platform
09:34 Brent Crude futures price is up 0.17% to $63.77, Light Sweet Crude – up 0.02% to $56.79
09:16 Baltic Dry Index is up to 2,064 points

2019 July 17

18:13 USCG responds to boat collision, assists 4 injured
17:55 LNG vessels to protect environment and increase container turnover at the Port of Riga
17:32 YAMAL LNG obtains certification for the new ISO 45001:2018 and confirms compliance with ISO 14001:2015
17:03 Qatargas delivers 3000th LNG cargo to Japan
16:48 Maslovoz-2 tanker left floating dock of Novorossiysk Ship Repair Yard
16:21 Krasnoye Sormovo delivers the Aleksandr Zuyev, dry cargo carrier of Project RSD59, to STLC
16:03 Safe Bulkers, Inc. announces installation and commissioning of the first scrubber on MV Martine
15:44 Germany accedes to ship recycling convention
15:27 South Africa accedes to compensation regime for hazardous and noxious cargoes
15:02 BHP to introduce low emissions LNG freight
14:02 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
13:32 McDermott awarded FEED contract for Sohar LNG bunkering project in Oman
13:15 Pilbara Ports Authority delivers a total annual throughput of 697.2 million tonnes for the 2018/19 financial year
12:39 Exports of Russian oil products from Kambarka oil tank farm resumed by river route via RPK-Vysotsk-LUKOIL-II
12:01 Aker Solutions announces Second-Quarter and Half-Year results 2019
11:51 New edition of Rules for Classification and Construction of Ships Carrying Liquefied Gases in Bulk published by RS
11:44 Port of Oakland’s keystone project set to be delivered in 2020
11:26 NIBULON shipyard continues forming the hull of its 140-m NIBULON MAX floating crane
11:02 The President of the European Council visits the new Port of Baku
10:40 Gasum Group reports its financial results for Q2 2019
10:30 MABUX: Bunker market this morning, July 17
10:17 AS Tallinna Sadam reports its 2019 Q2 passenger and cargo flows
09:54 Bunker prices increase at the port of Saint-Petersburg, Russia (graph)
09:35 Brent Crude futures price is up 0.25% to $64.51, Light Sweet Crude – up 0.03% to $57.64
09:19 Baltic Dry Index is up to 2,011 points

2019 July 16

18:06 CMA CGM announces FAK rates from Asia to North Africa
17:49 Marine Recruiting Agency to recruit personnel for Petrolesport
17:36 Hapag-Lloyd adds vessel to its North America Westcoast / Oceania Service
17:24 Turnover of DeloPorts’ terminals in 1H’19 decreased by 25% YoY to 3.2 mln tonnes
17:06 Odfjell SE sells its ownership share of terminal in Jiangyin, China
16:30 Keppel secures contract from Yinson for the modification of FPSO
16:01 More than 100,000 containers shipped via Intercity Barge at the Port of Rotterdam
15:56 Van Oord orders third trailing suction hopper dredger from Keppel