• Home
  • News
  • Newport retrofit for green future with class go-ahead for LNG concept
  • 2021 June 4 13:24

    Newport retrofit for green future with class go-ahead for LNG concept

    An innovative liquefied natural gas (LNG) fuel tank system developed by Newport Shipping for crude tankers and bulkers has gained a key preliminary class approval to facilitate retrofits of such vessels in line with new environmental requirements to cut maritime emissions, according to the company's release.

    The approval-in-principle (AIP) from classification society DNV affirms the technical feasibility of the concept for the VLCC and Capesize vessel classes, and paves the way for it to be implemented in design work on retrofits by the UK-based ship repair and retrofitting group.

    This marks a significant milestone for Newport Shipping, positioning it to take a leading role in the rapidly emerging market to adapt vessel fuel systems for LNG that has seen only a few such retrofits globally to date.

    “LNG is one of the cleanest transition fuels currently available globally and can be used with minimum modifications to a ship,” said Newport Shipping’s managing director Lianghui Xia. “CO2 emissions can be reduced by between 20% and 30% just by switching to LNG without installing any other equipment.”
     
    As well as environmental gains, there are also significant cost benefits as LNG is much cheaper than most fuels and there is already a worldwide bunkering network in place offering this fuel at competitive prices, he pointed out.

    Newport Shipping’s concept is based on deck-mounted LNG tanks that can be installed without major modifications to the vessel hull, thereby reducing installation costs, as part of a retrofit solution using a dual-fuel engine that would also be suitable for future use of carbon-neutral methane such as bio-LNG.

    Tank capacity, which is based on a typical ship profile and operating route, is sufficient for a single voyage prior to refuelling.

    Conversion of the existing global merchant shipping fleet of around 100,000 vessels for use of alternative fuels is no longer an option, but an economic necessity for shipowners as reducing emissions will be a rite of passage for trading in a low-carbon shipping future.
     
    The IMO has set a goal to halve greenhouse gas emissions from international shipping of nearly 1 billion tonnes per annum, and reduce carbon intensity towards 70% of 2008 levels, by 2050.

    Furthermore, the new Energy Efficiency Existing Ship Index (EEXI) will require all existing cargo vessels to meet stricter class limits on emissions for annual surveys performed from 1 January 2023.

    In addition to global and regional regulations, there is increasing market pressure from charterers and banks for decarbonisation as a condition of cargo contracts and ship finance.

    Xia believes Newport Shipping’s concept offers “a practical and cost-efficient solution” to cut fleet emissions in the near term pending adoption of technologies for carbon-neutral fuels such as ammonia and hydrogen, as well as battery technology, that are still some way off commercial realisation.

    He adds that a long-term payment plan over 5 to 7 years on 60% of the total cost is offered to clients for its LNG retrofit solution.

    Newport Shipping, with a global network of 15 partner yards spanning international trade routes in the Atlantic and Pacific regions that offers guaranteed drydock slots and fast turnaround, is now poised to bring this LNG retrofit solution to the global shipping market.




2021 October 22

18:01 RS provides the designers with a tool for automated check of hull structures
17:40 IADC supports 5th International Congress “Hydraulic Engineering Structures and Dredging” as its Partner
17:15 EXMAR and LATTICE announce joint development of CO2 carrier
16:27 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 12% in 10M’21
16:04 COSCO SHIPPING Ports and Silk Road Fund agree to establish cooperative strategic relationship
15:12 Port of Salalah partners with Maersk to launch a new end-to-end logistics service to Yemen through the Al-Mazyunah free zone
14:58 Marine Recruiting Agency trained 38% more people in 9M'2021
14:22 North Sea Port makes up for pandemic losses step by step in the first nine months of 2021
13:22 Bollinger Shipyards delivers 46th fast response cutter ahead of schedule despite direct hit from hurricane Ida
12:32 Port of Los Angeles reduces net air pollution during pandemic year
12:28 Navigation season officially closed in Lena Basin of RF IWW
12:01 GTT is selected by Samsung Heavy Industries to design the fuel tanks for six new LNG-fueled mid-size container vessels
11:49 Austal Australia delivers 13th Guardian-class Patrol Boat
11:22 Hyundai Heavy Industries awards no objection letter to Gazpromneft Ocean oils
10:21 Singapore crowned as the “Best Global Seaport” for the first time and won "Best Seaport in Asia" for the 33rd time
10:11 Delegation of MOL shipbuilding company visits Rosmorport’s Murmansk Branch
09:49 MABUX: Bunker prices may demonstrate downward changes on Oct 22
09:27 Crude oil prices decrease following the growth
09:10 Baltic Dry Index as of October 21

2021 October 21

18:26 Mermaid contract awards in Thailand, Angola and Saudi Arabia total 120 million USD
18:02 Non-self-propelled dredgers of Project 4395 laid down in Gorodets for Russian IWW Basin Administrations
17:46 Magseis Fairfield enters strategic collaboration with PGS for the hybrid towed streamer and OBN market
17:31 HELCOM adopts the updated Baltic Sea Action Plan, charting a way forward for a healthy Baltic Sea
17:16 DP World launches CARGOES Logistics
16:30 Proman and Stena jointly develop methanol as the pathway to sustainable shipping
16:14 APM Terminals and ZPMC enter into strategic alliance
15:33 MPC Container Ships ASA secures new financing facility, agrees on sale of six vessels and provides update on charter fixtures
15:32 Okskaya Shipyard lays down lead ship of Project RSD71 for Volga Shipping Company
15:03 NYK and Japan Marine Science to introduce and promote new mooring system to Japan ports together with Trelleborg Marine Systems
14:45 MABUX: Bunker Weekly Outlook, Week 42, 2021
14:03 NYK delivers new LNG carrier LNG Endeavour to TotalEnergies
13:49 Global Ports Investments published its Q3 and 9m 2021 operational results
13:28 Seaspan Ferries to reduce greenhouse gas emissions through using carbon-neutral Renewable Natural Gas in LNG-powered vessels
13:18 Consolidated cargo turnover of NCSP Group for 8M 2021, year-over-year
12:34 Dmitry Pankov appointed as new CEO of Management Company Delo
12:11 Port of Los Angeles cargo volume exceeds 903,000 TEUs in September 2021
11:53 Hydrographic Company installs first buoys with AIS receivers on the Northern Sea Route
11:32 Challenges and optimism: Mixed views from ports industry on business outlook
11:09 DP World is officially named Port Operator of the Year at 2021 Multimodal Award
10:39 Yara Marine’s FuelOpt offers IMO EEXI compliant Shaft Power Limitation solution
10:08 The Ocean Cleanup starts removal of plastic from Great Pacific Garbage Patch with System 002
09:52 MABUX: Bunker prices may demonstrate slight upward changes on Oct 21
09:50 Contract signed for Phase 2 of the Bagayevsky hydrosystem construction project
09:35 Crude oil market sees downward price correction
09:18 LR Digital Twin approval for Samsung Heavy Industries
09:09 Baltic Dry Index as of October 20
08:01 Aker Solutions wins FEED for Wisting FPSO

2021 October 20

18:51 Intellian and Inmarsat launch industry’s newest FleetBroadband terminals
18:31 Oceangate’s 2021 titanic survey expedition connected by Inmarsat satellite communications
18:11 P&O Ferries launches comprehensive Customs Clearance Service
17:46 Kongsberg launches new Kognifai Marketplace
17:06 Rolls-Royce plans to partner the Indian Navy for its ‘Fleet of the Future’
16:35 MAN Energy Solutions signs MoU with Mitsui E&S and Mitsui O.S.K.
16:23 “K” LINE successfully separates and captures CO2 from exhaust gas in world’s first CO2 capture plant on vessel
16:02 Seanergy Maritime announces acquisition of its 17th Capesize vessel
15:44 Rates for container transportation expected to decrease in 2022
15:25 ENI and Fincantieri sign an agreement for initiatives to support the energy transition
15:02 Wärtsilä and Solvang to collaborate on retrofitting carbon capture and storage system on Clipper Eos
14:20 Port of Rotterdam appoints Allard Castelein for a third term
13:52 Kawasaki Heavy Industries announces delivery of bulk carrier BBG GUILIN