• 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 June 19

18:17 Wärtsilä propulsion solutions expected to deliver 5% fuel savings for International Seaways tankers
17:42 TGS market overview report: Strong expectations continue in offshore wind despite short-term downgrades
17:09 Vestas receives 577 MW order in Australia for second stage of the 1.3 GW Golden Plains wind project
16:37 Wintershall Dea makes discovery in Cuvette exploration well
16:07 Equinor expands renewables portfolio in Poland with a new solar plant
15:52 Shell signs agreement to acquire Pavilion Energy
15:19 LR releases its 3rd alternative fuels report concerning LPG as marine fuel
14:39 Greek-owned Liberian-flagged ship hit in Red Sea sinks
14:32 Samsung Heavy Industries unveils revolutionary K-PAW welding technology
13:51 DOF awards new Constructor Compact ROV systems contract to Kystdesign
13:47 Mitsubishi Shipbuilding receives orders for Japan's first methanol-fueled RORO cargo ships
13:28 Sirius Shipping to charter out its new tanker duo to Preem for transportation of renewable fuels, feedstock
12:39 Chartwell and Vard to advance new SOV design working with North Star
11:23 Wartsila launches world’s first large-scale 100% hydrogen-ready engine power plant
11:14 Industrial-scale floating green ammonia plant project enters next phase
10:06 ABP signs MOU with Marine Power Systems to advance floating offshore wind technology
09:44 Port of Antwerp Bruges: Deurganckdok oil spill clean-up completed

2024 June 18

18:13 Atlantic Towing and Svitzer modernise Halifax port fleet with new escort tugboats
17:38 Port of Long Beach sets $760 million annual budget
17:28 Unifeeder and MPC Container Ships announce a new collaboration to make joint investments into Energy Efficiency Technology
17:16 Port of Koper welcomes Astrid Maersk, the world’s second large green methanol-enabled vessel
16:43 Gasum plans a large-scale biogas plant in Sweden
16:15 GONDAN Shipbuilders secures 31-meters passenger catamaran contract from Líneas Romero
15:39 CMA CGM to strengthen its INDAMEX service connecting Indian Subcontinent with US East Coast
15:11 Maersk wins a heavy lift contract from Vestas
14:07 South Korea bolsters shipbuilding industry with $10.75 billion financial support
13:41 MOL joins SFC focused on decarbonizing international logistics
13:11 Fred. Olsen Cruise Lines joins the ISWAN
12:22 Carnival Corporation celebrates shore power launch at PortMiami after exceeding industry-leading milestone
11:45 Nel ASA set to become a fully dedicated electrolyser company
11:24 Temasek signs agreement to divest Pavilion Energy
11:13 IMO's NCSR agreeds pilot transfer arrangements and amendments to SOLAS regulation V/23
10:47 LR awards Quoceant an IECRE Feasibility Statement for the Q-Connect
10:31 DNV: Global grid infrastructure to double by 2050 to meet surging electricity demand
09:43 Tarntank orders tenth hybrid chemical tanker

2024 June 17

18:16 Philippine supply ship bumped Chinese ship
17:49 Survitec secures JMSDF submarine escape suit contract
17:36 First mega cruise ship built for short cruises delivered to Royal Caribbean
17:14 Petroleum chemical product carriers drive order performance of Korea shipbuilding industry
16:37 MPA: Joint oil spill clean-up operations advance to next phase
16:23 Greek shipowners start investing in large new ships to transport ammonia
15:42 BV awards AiP to Antwerp-based Seafar for its remote vessel operation technology
14:31 USACE continues maintenance dredging at Markland Locks
14:29 Green Marine UK partners with C-Power to advance autonomous offshore power systems
13:17 Van Oord releases statement concering collision Vox Maxima with bunker vessel
12:04 Green Marine and Ocean Kinetics form JV Partnership to decomission OpenHydro tidal turbine in Scotland
11:52 ClassNK releases 2nd Edition “FAQs on the FuelEU Maritime”
11:07 Allision of dredger Vox Maxima was caused by a sudden loss in engine and steering control, MPA investigation showed
10:28 Sweden-Belgium Green Shipping Corridor expands ambition for the world's first green ammonia shipping corridor and welcomes new partner
09:23 APM Terminals calls first movers to join Innovators Program to enhance visibility and reliability for customers
09:11 Georgia Ports Authority sees 22% container growth

2024 June 16

16:18 Diana Shipping Inc. announces time charter contract for m/v Myrsini with Cobelfret S.A.
15:16 MPA: Joint oil spill clean-up operations in Singapore continue
14:27 Watershed moment for AMSA’s future maintenance on aids to navigation
14:07 Mammoet awarded construction upgrade of Hawaii dry dock
13:54 CMA CGM announces update on its IEX 2 service
12:31 Jan De Nul order first plug-in hybrid dredging vessel
10:26 Solstad announces contract extension for its CSV duo by Subsea 7

2024 June 15

14:15 VARD hosts a christening ceremony for third VARD 8 02 design stern trawler
12:03 TECO 2030, BLOM Maritime and Samskip receive ENOVA grant to retrofit Samskip LNG Vessel with fuel cells and hydrogen fuel
10:06 The 3rd of 12 plug-in hybrid vessel joins Swedish shortsea operator's fleet
09:51 S&P Global: Guangdong province's market-based power subsidy supports gas demand growth

2024 June 14

18:09 Strategic R&D alliance formed to standardize materials for LH2 carriers
17:44 BSEE conducts first offshore wind turbine inspection
17:23 Aker Artic completes ice-going SOV concept for offshore wind farms
17:19 Orsted completes construction of combined wind and solar project in Texas
16:57 MPA: Oil spill clean-up in progress at Pasir Panjang Terminal
15:37 ADNOC awards $5.5 billion of contracts for Ruwais LNG plant
15:11 Allseas awarded Troll extension pipeline
14:26 Havila Shipping inks deals for its three PSVs with Equinor