• 2018 November 9 14:17

    ABS joins forces introducing space technology to shipping

    ABS, OceanFinance and Scorpius Space Launch Company (SSLC) are joining forces on the SPACE TECH4SEA project to adapt composite technologies developed for the space industry to LNG shipping, the society says.

    The project, attracting more than €1m grant funding from the European Commission, aims to apply composite technology, which is lighter and more cost-effective, as a competitive alternative in LNG as marine fuel designs, principally for short sea shipping.

    “ABS remains at the forefront of LNG innovation by partnering with ground-breaking companies all over the world. Existing LNG tank technology can make adoption of the fuel prohibitively expensive. This composite technology has proven itself in other industries; we are committed to learning how to safely apply those lessons to benefit the maritime industries,” said ABS Vice President for Global Gas Solutions, Patrick Janssens.

    The three-year SPACE TECH4SEA development project will adapt SSLC’S PRESSURMAXX composite tanks for marine applications based on its current use in a range of industries and more than 200 clients including NASA. Composite carbon fiber technology allows development of ultralight compact tanks, making LNG as fuel feasible for a broader range of marine vessels.

    “This technology is a game-changer product that will unlock latent demand for LNG as marine fuel. The benefit of leveraging this US space technology, to improve the environment in European Sea basins, is obvious. We expect introduction of this innovative product will enable sales of more than 2,000 tanks in the next 10 years,” said Managing Director, OceanFinance, Dr. Panayotis Zacharioudakis.

    “Composite technology can make LNG a compelling choice for ship owners. The size and weight of existing technology reduces capacity and increases the need for additional horsepower. Composite tanks will remove these issues, offering significant improvement in vessels’ OPEX and CAPEX, making LNG as a marine fuel viable for a wide range of marine applications,” said SSLC President and CEO Markus Rufer.

    The joint team’s goal is creating tanks which will attract new buildings and LNG as a marine fuel retrofits by cutting costs, reducing weight and increasing vessels’ cargo capacity.  The technology, which offers weight savings up to 80 percent over existing equivalent LNG tank designs and is not affected by corrosion, also introduces space technology safety standards to marine operations.

    While the tanks are currently made by hand, the project aims to adopt a highly automated production line to ensure a competitive pricing level.

    Engineers from ABS’ Global Ship Systems Center in Greece will provide the rules, regulations and standards under which the composite tank technology can be approved for marine applications, reviewing the designs submitted by SSLC.

    About ABS
    ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design and construction. Focused on safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to develop accurate and cost-effective compliance, optimized performance and operational efficiency for marine and offshore assets.

    About OceanFinance
    We are a boutique business development and advisory consulting firm aiming to expand the maritime industry frontiers by exploiting the available and by developing new state-of-the-art methodologies ensuring industry’s environmental compliance, sustainability, and profitability.

    By capitalizing on market knowledge and expertise, we guide ship-owners, port operators, shipyards and freight traders, shipping finance and banking institutions, energy supply chain and fuel suppliers to make successful decisions on shipping and energy investments.

    About Scorpius Space Launch Company
    Scorpius Space Launch Company (SSLC) is a commercial aerospace systems and components manufacturer with advanced technologies for propulsion systems, incorporated in 1999 and headquartered in Torrance, California. The company’s patented all-composite pressurized structures are recognized throughout the aerospace industry. SSLC is a qualified supplier to aerospace and defense companies and has consistently attained supplier performance ratings at the highest level.




2018 November 15

12:04 Singapore hosts 10th APEC Port Services Network (APSN) Port Connectivity Forum
11:48 Bunker prices are still high in the Far East ports of Russia (graph)
11:22 Sea Port of Saint-Petersburg’s allocations for its development programme totaled RUB 413.5 million in 9M’2018
11:03 NYK promotes decarbonization through exploratory design of NYK Super Eco Ship 2050
10:51 ABS and HHI pioneer Cyber Security standard for new vessels
10:25 Brent Crude futures price down 0.18% to $66, Light Sweet Crude – down 0.36% to $56.05
10:11 OOCL introduces new Asia – South Africa direct services
09:58 A.P. Moller – Maersk, CMA CGM, Hapag - Lloyd, MSC and Ocean Network Express plan to establish container shipping association
09:38 ASW Severomorsk of RF Navy's Northern Fleet completed a call to the Republic of Djibouti
09:16 Baltic Dry Index is down to 1,009 points

2018 November 14

18:37 Savannah achieves all-time record in October 2018
18:20 Sovcomflot concludes USD 149 million project credit facility with leading European banks
18:06 NYK and YLK jointly hold training program for staff from around the world
17:57 Organizers of “Dangerous cargoes: new transportation requirements” conference determined subjects to be discussed
17:36 Northwest Seaport Alliance adopts budget for 2019
17:07 DEME’s cutter suction dredger ‘Spartacus’ launched at the Royal IHC shipyard
17:06 Port of Rotterdam Authority wins 2018 ESPO Award
16:40 NIBULON’s fleet masters transportation of bulky cargo
16:38 Diana Shipping announces time charter contract for m/v Maia with Glencore
16:18 A.P. Moller - Maersk reports Q3 2018 results
15:48 1.348 million cbm to be dredged in Azov-Don River Basin this year
15:20 Stolt-Nielsen, Golar LNG and Höegh LNG announce joint $182 mln investment in Avenir LNG
14:56 World's most eco-friendly bulk carriers Viikki & Haaga operate in Baltic Sea
14:20 CHI Zhoushan is ready for LNG carrier repairs
13:37 DeloPorts published its operating results for Q3'2018
13:29 Damen Shiprepair Curaçao floating dock operational
13:15 Global Ship Lease announces new charter at increased rate
12:59 LUKOIL drilled second well in Eastern part of Yury Korchagin field
12:33 USC: aircraft carrier Admiral Kuznetsov to be out of repair on time
12:01 NYK introduces its initiatives of green bond
11:55 Clean water projects receive $3 mln from Long Beach Board of Harbor Commissioners
11:28 Navigation on Neva arms in Saint-Petersburg to close on November 15
10:45 IMO holds training for OSR officials in Myanmar
10:21 Brent Crude futures price down 0.29% to $65.28, Light Sweet Crude – down 0.45% to $55.44
10:02 GTT notified by Hyundai Heavy Industries for the tank design of a new LNG Carrier
09:59 STX receives AiP from LR for LNG-fuelled 50k dwt MR tanker
09:40 Bunker prices at the Port of Saint-Petersburg, Russia returned to September level (graph)
09:17 Baltic Dry Index is down to 1,064 points

2018 November 13

18:06 Navios Containers seeks to list on a U.S. stock exchange
17:53 BIMCO adopts 2020 bunker clauses
17:34 CMA CGM to revamp its CIMEX 2K2 service
17:11 Nevsky Shipyard takes part in «Transport of Russia» exhibition
16:56 NOVATEK shipped first LNG cargo to CNOOC
16:34 KOTUG and Petroconsult join forces to establish KOTUG PETRO Maritime (KPM)
16:20 Training on oil spill preparedness and response held for countries in eastern Africa
16:04 Diana Shipping announces the sale of a Panamax dry bulk vessel
15:55 Throughput of port Kavkaz in 10M’18 grew by 19% Y-o-Y to 42.6 million tonnes
15:34 Royal IHC wins KNVTS Ship of the Year for SCHELDT RIVER
15:03 Damco launches a dedicated warehouse for Barry Callebaut and inaugurates a new facility in the heart of Poland
14:41 MAN Cryo to design and deliver LNG regasification terminal
14:25 LUKOIL reports preliminary operating data for Q3 and 9M’2018
14:03 COSCO Shipping Heavy Industry and GTT sign agreement for LNG carrier repairs
13:42 Alfa Laval wins two orders to supply Framo pumping systems to oil platforms in the North Sea
13:13 HH Ferries Group officially inaugurates two battery-powered passenger ferries
12:48 BIMCO launches survey to highlight biofouling management
12:24 HHLA container throughput up by 1.0 percent in the first nine months of 2018
12:07 Torqeedo reveals new products for electric mobility on the water
11:51 Bunker prices are still high in the Far East ports of Russia (graph)
11:22 Throughput of port Riga (Latvia) in 10M’18 climbed by 6.5% Y-o-Y to 29.9 million tonnes
10:53 RF Navy's training ship Perekop returns from distant cruise