• 2024 May 21 16:25

    The first prototype trials of the Blue Visby solution demonstrate significant savings of CO2 emissions

    The first voyages of the Blue Visby Prototype Trials took place in March/April 2024 with the bulk carriers M/V Gerdt Oldendorff and the M/V Begonia, which, under voyage charter to Blue Visby Consortium member CBH Group, performed ballast voyages to CBH Group’s Kwinana Grain Terminal, Australia, according to the company's release.

    The Prototype Trials resulted in CO2 savings of 28.2% for M/V Gerdt Oldendorff and 12.9% on M/V Begonia meaning on average 17.3%, measured against the Vessels' respective service speeds of 14 knots. In the case of the M/V Gerdt Oldendorff, the Prototype Trial resulted in CO2 savings of 7.9% measured against the vessels intended voyage speed of 12knots. If the vessel was required to speed up to 14 knots for example to meet a laycan then the potential CO2 savings would have been 28.2%. 

    A number of alternative benchmarks were tested in this regard involving speed, RPM, laycan dates and "Business As Usual" assumptions. The parties also had a choice as to whether to calculate the financial value of fuel savings and of the prolongation of the ocean passage by using contract rates or market rates provided by the Baltic Exchanges (also a Blue Visby Consortium member). The parties reached commercial agreement as to the applicable benchmark for the purposes of the benefit-sharing mechanism. 

    The level of CO2 savings in the CBH Prototype Trials was consistent with studies that had been conducted previously: (a) during the Pilot Program in 2023, during which ten voyages produced an average of potential CO2 savings of 18.9%; and (b) in a series of hindcast simulations of 284 voyages in November 2021-August 2023, which had produced potential CO2 savings of 25.6% on average. 

    In the course of these Prototype Trials, all components of the Blue Visby Solution were deployed and subjected to rigorous testing: software, technical and operational system, as well as the benefit-sharing mechanism ("Blue GA"). It was also demonstrated that the Blue Visby Solution does not interfere with weather routing, voyage planning or the timing of berthing – all of which were left in the hands of the participants. Indeed, the robustness of the operational side of the Blue Visby Solution prevented disruption of the Prototype Trial during a time when one of the vessels needed to deviate.  From a wider perspective, the data collected during the CBH Pilot Program in 2023 and the CBH Prototype Trials in 2024 are consistent with earlier studies and hindcast simulations of 20,580 voyages worldwide of 3,651 Panamax vessels in 2022, which showed potential CO2 savings by applying the Blue Visby Solution in the order of 23.2% (median). 

    The accumulating evidence demonstrates that the systemic optimisation of the ocean passage can deliver substantial reductions in emissions, in a way that is compatible with the commercial and contractual structure of bulk maritime trade, and without causing disruption, as the Blue Visby Solution does not interfere with voyage planning or with cargo operations. 

    The Blue Visby Solution requires no CAPEX, is compatible with any other measure for reducing emissions, while its unique benefit sharing mechanism removes the obstacle of split incentives and can create financial benefits for all participants. The CBH Prototype Trials are part of a wider program across many geographical areas and market segments, involving more members of the Blue Visby Consortium: Marubeni, Port of Newcastle and Port Authority of New South Wales. Prototype Trials with a wider group of participants will be conducted in the coming months, as the R&D phase of the Blue Visby is completed and commercial deployment begins.




2024 November 13

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14:11 Erma First Group acquires Ecochlor to lead the global BWTS market
13:53 Höegh Autoliners and Fortescue call for faster adoption of clean ammonia marine fuel at COP29
13:24 INEOS and Royal Wagenborg sign multi-year contract for CO2 carrier
12:22 Bureau Veritas acquires technical advisory company Versatec Energy
11:47 Wuchang Shipbuilding launches the large navigation ship of the South China Sea Navigation Support Center
11:24 GTT receives an order from China Merchant Heavy Industry-Jiangsu for the tank design of a new LNG сarrier
10:52 Thecla Bodewes Shipyards successfully launches 5,050dwt vessel 'Iana’ for Transtal Shipping
10:00 ACCIONA to build a new breakwater to shelter floating port terminal in Ravenna
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2024 November 12

18:06 Iraq shortlists 11 firms for Grand Faw port operation, decision in January 2025
17:42 ZeroNorth and Vitol launch digital bunker trial in port of Rotterdam
17:24 LR MDH joins call to accelerate adoption of zero-emission fuels by 2030
16:41 Port of Rotterdam Authority sets tariffs for the next three years
16:25 Vitol Terminal Latvia introduces new aniline transshipment service
15:45 UECC and Daphne Technology join forces to drive advanced emissions monitoring on UECC’s latest vehicle carrier
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14:55 Silverstream and Yiu Lian Dockyards (Shekou) sign MoU to drive Silverstream® System installations
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13:44 BAR Technologies signs an agreement with WindWaves to manufacture new 20 and 24 metre WindWings
12:31 Sanmar delivers powerful escort tug to P&O Maritime Logistics
11:40 e1 Marine and STAX Engineering partner on innovative barge-based emission capture and control project
11:00 New Yangzi Shipbuilding delivers SEASPAN's 12th dual-fuel medium-sized container ship
10:31 Van Oord completes major dredging project in Egypt
10:03 Zhenhua Heavy Industries launched the world's largest piling vessel for CCCC Second Harbor Engineering Bureau
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2024 November 11

18:00 ADNOC Gas to buy 60% in Ruwais LNG plant
17:18 Strategic Marine signs contract with Mainprize Offshore for six new Supa Swath vessels, with options for six more
17:01 Hanwha Ocean wins 713.5 bln-won deal to build two LNG carriers for Maran Gas Maritime
16:35 One missing after MSDF vessel sinks due to fire off Fukuoka
16:05 Northern European ports in collaboration receive EU funding for onshore power for container ships
15:32 Maersk Tankers to deploy suction sail technology at scale to reduce CO2 emissions
15:12 CMA CGM's revenue up 38.5% to USD 15.8 bln in Q3 2024
14:45 DP World Australia announces acquisition of Silk Logistics
13:24 SAFEEN Group achieves Guinness World Record for most powerful electric tugboat
12:53 Höegh Evi to partner with SEMOP Port-La Nouvelle to develop strategic infrastructure for hydrogen import to France and Europe
12:08 ICTSI's Adriatic Gate Container Terminal hit 2 more milestones
11:24 Daito Corporation to build an electric tugboat
10:43 Hudong Zhonghua completes sea trial of LNG carrier built for Qatar Energy
10:20 CSSC Engine delivers China's first domestically produced methanol dual-fuel main engine
09:47 Hapag-Lloyd acquires German ship management company Hamburger Lloyd

2024 November 10

15:03 Keel laying ceremony marks the birth date of new ships for Scilly
13:44 Singapore is strengthening its position as a global hub for supply chain management (SCM)
12:13 ACP: Panama Canal could double the number of containers transiting
11:38 INOX India Ltd announces Q2FY25 Results
10:09 Chittagong port sees 13% fall in export container handling

2024 November 9

13:41 Montreal port employers threaten shutdown over labour dispute
12:49 China Merchants signs letter of intent with Brazilian port authority Portos do Parana
11:08 ZIM integrates Hoopo’s solar tracking solutions
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2024 November 8

18:00 Greece, Turkey to keep talking on maritime boundaries agenda
17:35 Montreal Port urges Trudeau government to end strike
17:24 Yangzijiang Shipbuilding receives 98 new orders this year
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16:25 Transnet National Ports Authority pilots usage of cleaner fuels on its tugboat fleet
15:34 Wallenius Wilhelmsen exercise options for two additional 11,700 CEU Shaper vessels
15:02 IMO heads to COP 29 to promote net-zero framework for shipping
14:45 Fincantieri, VARD and Sandock Austral Shipyards form alliance around the Afrika Offshore Patrol Vessel
14:25 KOTUG’s SD Waalo begins maiden voyage under bp charter for LNG operations
12:43 QatarEnergy inaugurates four LNG vessels, the first from Korean shipyards
12:24 Fincantieri finalizes order with Crystal for a new high-end cruise ship
10:09 Friday Shipbrokers fix chartering project with Boskalis to transport car carrier to China for repair
09:20 ExxonMobil successfully supplies Hapag-Lloyd with B25 bio marine fuel blend in Antwerp

2024 November 7

18:00 Innovation Norway and Team Norway sign two agreements aimed at advancing sustainable maritime solutions
17:54 MABUX: Bunker price trends in the world's four largest hubs, Nov 4 - Nov 8, 2024
17:36 Konecranes expands emissions reduction ambition by committing to setting long-term, science-based net-zero targets
17:16 HD KSOE receives AiP from LR and LISCR for ammonia fuel-related equipment
17:08 ClassNK granted its “ELW (HP)” notation to bulk carrier “ROYAL LAUREL”
16:42 Equinor strengthens its position in the Norwegian Sea
16:24 Provaris Energy raises A$1.5 million to support hydrogen and CO₂ initiatives