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Al Seer Marine receives future marine fuels ready MR tanker duo

Newbuilds engineered to accommodate alternative bunker fuels such as Liquefied Natural Gas (LNG), ammonia, and methanol.

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Abu Dhabi-based shipping firm Al Seer Marine, a subsidiary of International Holding Company, on 20 December said it has taken delivery of M.T. Saiph and her sister ship from K Shipbuilding Korea.

The MR tankers are the second pair in a series of six newbuildings. Each vessel is equipped with an Exhaust Gas Cleaning System (EGCS) and engineered to accommodate alternative bunker fuels such as Liquefied Natural Gas (LNG), ammonia, and methanol.

With a deadweight of 49,757 MT each, the two vessels are IMO II/III oil and chemical tankers carefully engineered to carry six fully segregated grades of cargo for optimal global operations.

Both tankers have secured 5-year time charters with Reliance Industries (Middle East) DMCC, valued at USD 42 million per vessel, joining their sister ships Betelgeuse and Bellatrix in the charter arrangement.

The delivery is financed by BOCOM Financial Leasing Co., Ltd. (BOCOM Leasing), a subsidiary of Bank of Communications, securing a total of USD 80 million (USD 40 million per vessel).

“At Al Seer Marine, we continue to invest strategically in product and chemical tankers, which represents one of the most promising sectors in the maritime industry,” stated Guy Neivens, CEO at Al Seer Marine.

“The expansion of our partnership with BOCOM Leasing, our first international financing partner, validates our growth trajectory and market potential.

“This aligns with our vision to become a global leader in meeting the surging demand for refined petroleum products and chemicals trade, a position increasingly recognised by financial markets and key investors.”

 

Photo credit: Al Seer Marine
Published: 30 December 2024

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Alternative Fuels

Höegh Autoliners names LNG-powered RoRo ship “Höegh Sunlight” in China

Firm’s fourth Aurora Class newbuild “Höegh Sunlight” began its LNG-powered maiden voyage to Europe, fully loaded with Chinese cargo after a naming ceremony at Taicang Haitong Auto Terminal.

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Höegh Autoliners names LNG-powered RoRo ship before commencing first voyage

Höegh Autoliners on Tuesday (14 January) said its fourth Aurora Class newbuild, Höegh Sunlight, was named at a ceremony at Taicang Haitong Auto Terminal. 

The 9,100 CEU Höegh Sunlight commenced its LNG-powered maiden voyage to Europe, fully loaded with Chinese cargo, shortly after the fireworks. 

“We now have four of the world’s largest and most environmentally friendly car carriers sailing the seas,” the firm said in a social media post. 

“Today’s celebrations are not only marking the handover of a ship; they once again underline our relentless quest toward a greener future—and a transformed industry.”

Höegh Autoliners names LNG-powered RoRo ship “Höegh Sunlight” in China

The Höegh Sunlight will reduce carbon emissions by 58 percent per transported car compared to the current industry average. 

In 2027, when the first Aurora is powered entirely by clean ammonia, nearly all carbon emissions will be eliminated. 

CEO, Andreas Enger, said: “Taking delivery of four of the world’s largest and most environmentally friendly PCTCs within six months is a decisive step to renew the company and our industry. We are pleased to celebrate this milestone with customers and partners during her first cargo operation in Taicang.” 

COO, Sebjørn Dahl, said: “Never in our nearly 100-year history have we built so many vessels in one newbuild programme, such large vessels, so technically advanced, so green, and so many at the same time and at this speed. We are indeed an agile, bold, and professional team at Höegh Autoliners.”

 

Photo credit: Höegh Autoliners
Published: 15 January, 2025

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Alternative Fuels

DNV: LNG dominates alternative-fuel vessel orderbook for 2024

According to DNV, LNG was the industry’s alternative fuel of choice by year-end; 264 LNG vessel orders were placed in 2024, over double that of 2023 which was 130 orders.

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The maritime industry’s exceptional newbuilding year 2024 drove a significant rise in orders for alternative-fuelled vessels, according to the latest data from DNV’s Alternative Fuels Insights (AFI) platform.

A total of 515 such ships were ordered, representing a 38% year-on-year increase compared to 2023, underscoring the industry's growing commitment to decarbonization.

The growth in alternative-fuelled vessel orders has been heavily driven by the container and car carrier newbuild boom over the last three years. In 2024, 69% of all container ship orders were for ships capable of being powered by alternative fuels, driven by cargo owners responding to consumer demands for more sustainable practices and liner companies preparing to replace older tonnage. The preferred fuel choice for this segment was LNG (67%). In total the container and car carrier segments made up 62% of all alternative fuel orders in 2024. 

Knut Ørbeck-Nilssen, CEO Maritime at DNV, said: “As we work towards decarbonizing the industry, we are encouraged by the growth in alternative fuel vessels over the past few years. While recent figures are promising, we must keep pushing forward.”

“The technological transition is underway, but supply of alternative fuel is still low. As an industry we need to work with fuel suppliers and other stakeholders to ensure that shipping has access to its share of alternative fuels in the future. It is also important that the safety of seafarers is ensured as we make this transition. This will require investment in upskilling and training.”

LNG was not the only fuel on shipowners’ minds as 2024 saw them betting on multiple alternative fuels. 166 methanol orders were added (32% of the AFI orderbook), reflecting shipping’s growing interest in a diverse fuel pool as it strives to reduce greenhouse gas emissions. Most of these methanol orders (85) were in the container segment.

While methanol drove newbuilding orders for alternative-fuelled vessels at the beginning of the year, LNG was the industry’s alternative fuel of choice by year-end. The number of LNG vessel orders placed in 2024 was 264, over double that of 2023 (130).

Ammonia saw promising momentum in the earliest months of the year and continued to grow throughout 2024. A total of 27 orders were placed for ammonia-fueled vessels. The first non-gas carrier ammonia-fuelled vessels orders were placed in 2024 (10), mainly in the bulk carrier segment (5). While still in its early stages, this provides further evidence of ammonia's emergence in the alternative fuel market.

Deliveries and bunkering

The number of LNG-fuelled ships in operation doubled between 2021 and 2024, with a record number of deliveries (169) in 2024. By the end of 2024, 641 LNG-powered ships were in operation. According to the AFI orderbook, this number is expected to double by the end of the decade. 

While the bunkering infrastructure for some alternative fuels remains underdeveloped, LNG bunkering is maturing. The number of LNG bunker vessels in operation grew from 52 to 64 over the last year, with continued growth expected in 2025. The significant gap between LNG bunkering supply and demand is expected to widen over the next five years based on the AFI orderbook. 

Addressing this challenge by developing the appropriate infrastructure for alternative fuels – both for vessels and bunkering - can create demand signals to stimulate long-term fuel production. With the EU regulatory package, Fit for 55, setting requirements on a large network of ports to have LNG bunkering infrastructure, it is expected that the availability of LNG in ports will increase.

Jason Stefanatos, Global Decarbonization Director at DNV, said: “Market conditions, infrastructure development, fuel production updates, and cargo owners' needs are all shaping the demand for different fuels, both in the short and long term.”

“The shifting trends in LNG and methanol orders this year might be due to the slow development of green methanol production. In the long run, green methanol has potential to be part of the energy mix along with ammonia.”

“In parallel, LNG offers a vital bridging fuel option benefiting from existing infrastructure and short-term emissions reductions while being capable of acting as a long-term solution as well, assuming RNG (Renewable Natural Gas) will be available and provided at a competitive price.”

 

Photo credit: DNV
Published: 13 January, 2024

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Alternative Fuels

Stena RoRo takes delivery of battery hybrid vessel from Chinese shipyard

“Guillaume de Normandie”, which will be powered by multi-fuel engines and market’s largest battery-hybrid package of 12 MWh, was delivered by CMI Jinling (Weihai) and is chartered to Brittany Ferries.

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Stena RoRo takes delivery of battery hybrid vessel from Chinese shipyard

Stena RoRo recently took delivery of the 12th E-Flexer in a series of 15 battery hybrid RoPax ferries from Chinese shipyard CMI Jinling (Weihai). 

The ship is the Guillaume de Normandie and is long-term chartered to the French shipping company Brittany Ferries. 

In April next year, the ship will enter service on the Portsmouth – Caen route, replacing the Normandie, which has sailed the route since 1992. This is the fifth of five ordered E-Flexer vessels for the Brittany Ferries fleet.

Just as with four of the five E-Flexer ships that Stena RoRo has delivered to Brittany Ferries, the vessel will be powered by multi-fuel engines as well as the market’s largest battery-hybrid package of 12 MWh. 

With these batteries, the ship will be able to operate in and out of port solely on battery power and even maneuver when docking and undocking without using the ship’s diesel engines.

This offers a unique technical solution that provides significantly lower CO2 emissions for the ship.

The E-Flexer concept has been continuously developed in line with future environmental requirements, and through its technical design and high degree of innovation, it can fulfill and exceed both existing and future international requirements.

The Guillaume de Normandie is also equipped with a shore connection with an output of 8 MW for high-speed charging of the batteries, which also enables a completely fossil-free stay when in port. With the installed battery capacity, the vessel can operate at speeds of up to 17.5 knots on batteries alone.

The ship’s engines can be powered by marine diesel (MGO), liquefied natural gas (LNG), biodiesel or biogas. 

In addition, the PTI/PTO system with the Battery Power function can be used for propulsion at sea or maneuvering in port. The system is scalable, which means that in the future, the Guillaume de Normandie can operate entirely on batteries or with a combination of the different fuels.

 

Photo credit: Stena RoRo
Published: 8 January, 2025

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