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IMO 2020

Hapag-Lloyd prepares for 2020 with two pilot projects

First half of 2018 shaped by ‘clearly increasing fuel costs’ and more, says CEO in results release.

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International German-based transportation company Hapag-Lloyd, in its half-year (H1) financial report for 2018, says it is preparing two pilot projects as part of plans to get ready for the 0.5% sulphur cap from 2020.

“In the context of the International Maritime Organization’s (IMO) requirements from 2020 to reduce sulphur emissions, Hapag-Lloyd is currently preparing two pilot projects,” it notes.

“These include testing exhaust gas cleaning systems (EGCS/scrubbers) on two larger container ships and converting a large vessel in the Hapag-Lloyd fleet to liquid gas (LNG).”

The company, meanwhile, says it does not expect to further invest heavily in new ship systems until the end of 2019 due to the takeover of UASC’s container shipping activities.

Hapag-Lloyd, meanwhile, concluded H1 2018 with net loss of USD $122.3 million compared to net loss of $44.6 million in H1 2017.

Revenue during H1 2018 was USD $6.57 billion; about 34% more than revenue of USD $4.90 billion during H1 of the earlier year.

“The first half of 2018 was shaped by clearly increasing fuel costs, higher charter rates and a slower than expected recovery of freight rates,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.

“In response to that, we have implemented additional measures to recover these costs: we are critically reviewing the economic viability of our ship systems and are further optimising our terminal contracts, to gain additional relief on the cost side.”

The company’s reported average freight rate decreased to 1,020 USD/TEU in the first half of the year 2018, from 1,065 USD/TEU in H1 2017.

Bunker prices increased significantly to USD $ 385 per metric tonne (pmt) in the first six months 2018, higher than USD $312 pmt, which “mainly contributed to higher operational costs”, says the company.

“For the remainder of the year, we see a slow but steadily improving market environment, but we recognise that there are still significant geopolitical uncertainties that could influence the market,” continued Jansen.

“This only reinforces the necessity to be able to react quickly when needed – and we therefore will accelerate some of our digitalisation initiatives and finalise our new strategy until the end of this year.”

Related: Hapag-Lloyd adjusts financial outlook on bunker costs
Related: 2020: Each solution comes with its challenges, says Hapag-Lloyd
Related: Hapag-Lloyd targets 20% CO2 reduction by 2020

Photo credit: Hapag-Lloyd
Published: 13 August 2018

 

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LNG Bunkering

Titan completes successful LNG bunkering op of E&S Tankers ship in Antwerp

Bunker barge “FlexFueler001” delivered 110 mt of LNG bunker fuel to chemical tanker “Liselotte Esberger”, marking a milestone since it was the first time Titan delivered to a vessel of E&S Tankers.

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Titan completes successful LNG bunkering op of E&S Tankers ship in Antwerp

LNG bunker fuel supplier Titan on Monday (19 February) said it executed a successful LNG bunkering operation for E&S Tankers, a joint venture of Essberger Tankers and Stolt Tankers as an operator of chemical tankers within Europe. 

The refuelling operation took place at the port of Antwerp on 15 January. 

“Our vessel, FlexFueler001, flawlessly delivered 110 mt of LNG to the Liselotte Esberger, marking a milestone since it is the first time we deliver to a vessel of E&S Tankers,” it said in a social media post. 

“This operation underscores our dedication to sustainable shipping practices and showcases our commitment to environmentally friendly solutions. We're proud to collaborate with E&S Tankers and look forward to furthering our shared mission.”

Titan completes successful LNG bunkering op of E&S Tankers ship in Antwerp

According to E&S Tankers website, the 7,135 dwt Liselotte Essberger arrived in Hamburg from a shipyard in China on 5 December 2023 and was christened the following day.  

The vessel is first of a total of four newbuildings ordered by the firm that are equipped with LNG dual-fuel engines.

Related: E&S Tankers launches second LNG dual fuel chemical tanker “John T. Essberger”

 

Photo credit: Titan and E&S Tankers
Published: 20 February, 2024

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Shipping Corridor

Report: Korea-US-Japan green shipping corridors can lead to significant environmental impact

Creating green shipping corridors between South Korea, the United States and Japan’s top two busiest routes can reduce up to 41.3 million tCO2 each year, says Korean NPO Solutions for Our Climate.

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Report: Korea-US-Japan green shipping corridors can lead to significant environmental impact

Korea-based non-profit organisation Solutions for Our Climate (SFOC) on Tuesday (13 February) said creating green shipping corridors between South Korea, the United States and Japan's top two busiest routes – Busan-Tokyo and Yokohama; Busan-Los Angeles and Long Beach– can reduce up to 41.3 million tCO2 each year. 

This is equivalent to annual emissions from over 9 million passenger vehicles in the United States.

“We evaluated the anticipated impact of several proposed KoreaUnited States-Japan green shipping corridors involving ports of Busan (KRPUS), Incheon (KRINC), and Gwangyang (KRKAN) —South Korea’s three major container ports,” SFOC said in the report. 

Each of the three South Korean ports will have the most significant environmental impact if connected to ports of Tokyo (JPTYO)/Yokohama (JPYOK) in Japan and ports of Los Angeles (USLAX)/Long Beach (USLGB) in the United States. 

“If container ships that travel KRPUS – JPTYO/ JPYOK and KRPUS – USLAX/USLGB are converted to zero emission ships, we can expect significant reduction in global carbon dioxide emissions, approximately 20.7 million tCO2 and 20.6 million tCO2, respectively,” it added. 

Accordingly, reducing GHG emissions in the global maritime shipping will require coordinated multilateral commitments and actions.

The green shipping corridor initiative is a global effort to align the shipping industry with the 1.5°C trajectory. It aims to:

  • Create maritime routes in which mainly zero-emission ships travel
  • Run ports with 100 percent renewable energy
  • Enforce mandatory use of on-shore power for docked vessels.

“With increasing global shipping emissions, green corridors are key to decarbonising the sector,” SFOC said. 

“Our latest report on green corridors comes on the heels of South Korea and the United States' announcement to work together to implement cross-country green shipping corridors between several of their key ports.”

 

Photo credit: Solutions for Our Climate
Published: 14 February, 2024

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Alternative Fuels

Ports of Rotterdam and Shannon Foynes to develop European green fuels supply chain corridor

Ports will also potentially work together on market development in this new market and jointly find final off-takers for supplies from Ireland including maritime fuels sector.

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Ports of Rotterdam and Shannon Foynes to develop European green fuels supply chain corridor

Port of Rotterdam, Europe’s largest port, on Tuesday (30 January) said it has signed an agreement with Ireland’s largest bulk port Shannon Foyne with a view to developing a supply-chain corridor for exporting green fuels into Europe produced from the west of Ireland’s limitless wind resource.

The agreement will focus on market and trade development for vast volumes of green hydrogen and its derivatives produced at the planned international green energy hub on the Shannon Estuary. The Memorandum of Understanding signed by the ports identifies significant and identified scale-up volumes of green hydrogen commencing with proof-of-concept volumes by 2030.

Europe’s overall green hydrogen strategy for 2030 is to import 10 million tonnes of renewable hydrogen by 2030 for use in heavy industry and transport sectors that are traditionally reliant on coal, natural gas, and oil. The Port of Rotterdam intends to facilitate volumes of 40 million tonnes from across the world by 2050, a significant proportion of which can come from the Atlantic resource.

Further opportunities will also be explored under the MOU, including building coalitions with interested and suitable commercial parties and adding other parties to the MOU to help achieve a joint supply chain process for delivering the first proof-of-concept volumes before 2030.

The MOU also provides for engaging relevant public stakeholders to support the initiative and sharing of information regarding the potential supply of green hydrogen and green hydrogen derivatives, such as green ammonia, green methanol, etc, as well as sharing best practice information on areas such as desalination, high voltage electricity, industrial clustering around the H2 molecule and green ship bunkering processes.

The two ports will also potentially work together on market development in this new market and jointly finding final off-takers for supplies from Ireland. These would include maritime fuels sector, sustainable aviation fuels, green fertiliser and facilities with direct green hydrogen fuel requirements such as the steel industry.

René van der Plas, Director International at the Port of Rotterdam, said: “The port of Rotterdam is already Europe’s leading energy hub and recognises the significance and opportunity for all European citizens and industries arising from the green transition. To that end, hydrogen is one of our priorities and we are working hard towards establishing infrastructure, facilities and partnerships that will help deliver on this.

“This agreement with Shannon Foynes Port is one such partnership and can support our efforts to set up supply chain corridors for the import of green hydrogen into north-west Europe from countries elsewhere with high potential for green and low carbon hydrogen production. Shannon Foynes Port is an ideal partner in that respect.”

Patrick Keating, CEO of Shannon Foynes Port Company, said: “With the largest wind resource in Europe off our west coast, we have the opportunity to become Europe’s leading renewable energy generation hub. That will deliver transformational change for Ireland in terms of energy independence and an unprecedented economic gain in the process. In delivering on this, too, we can make our biggest ever contribution to the European project as we become a very significant contributor to REPowerEU, Europe’s plan to end reliance on fossil fuels.

“We can produce an infinite supply of renewable energy here and there are already a number of routes to market emerging for that energy. One such route to market is the development of a supply chain into Europe.”

“This agreement with the Port of Rotterdam is a key step towards enabling that. The port of Rotterdam already works on introducing the fuels and feedstocks of the future with major oil and gas companies and its broader port community of over 3,000 commercial companies. It can be a key supply chain corridor for exporting green fuels from the Shannon Estuary into Europe. This is very significant recognition and validation of the potential for hydrogen production generated in Ireland to be exported into Europe.”

 

Photo credit: Port of Rotterdam
Published: 31 January, 2024

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