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LR and Icebreaker One announce research programme to drive investment in net-zero shipping

Research will give initiators and investors an understanding of how data sharing and risk model changes can drive zero-emission ship financing

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Lloyd’s Register (LR) on Tuesday (21 February) announced a new research project with Icebreaker One, an independent, non-profit organisation which aims to support the decarbonisation of shipping by influencing investment decisions with data.

The research will aim to help identify and amplify discussions around the key barriers that organisations face for net zero shipping investment and how to overcome these with a ‘net-zero data sharing ecosystem’ that encourages first movers to invest with data-driven rationale.

This project includes interviews and a creative workshop between key stakeholders at both organisations to investigate the potential data sharing has for the maritime energy transition.

By pooling resources, the project will see research with key stakeholders to propose and assess innovations in data sharing, data transparency and ways to best support shipping industry funders to make net zero investments. The project will consider the current available frameworks for assessing decarbonisation technologies and how data contributes to the outcome of these assessments.

Duncan Duffy, Global Head of Technology - Electro Technical Systems, Lloyd’s Register, said: “Lloyd’s Register is excited to be involved in this research project with Icebreaker One which will underline the value in data sharing if the maritime industry is to achieve its decarbonisation goals.

“LR is a driving force in enabling and supporting shipping industry funders to make net zero investments and this research, along with its potential results, will encourage new processes and systems as tools in the energy transition journey. The project will equip LR with the knowledge and understanding of the barriers for investing in net zero shipping and enable us to offer effective solutions which address the crucial challenges our industry faces.”

Gavin Starks, CEO and Founder at Icebreaker One, Icebreaker One, said: “To get to net zero, we have to finance the decarbonisation of shipping. This means maritime investors need access to trusted, accurate data. Our work with LR will help develop new processes and systems for sharing data that support the race to zero. We’re delighted to be working together to build a web of net-zero data for shipping.”

This research will encourage new processes and systems in the drive for zero emissions and further underlines LR’s commitment to the maritime energy transition, supporting the recent announcement of a Zero Ready Framework to provide the industry shipping with clarity over zero carbon readiness.

The findings from the research project will be presented in a workshop scheduled for early 2023. The workshop will be split into different sessions exploring identified the core challenges for data sharing in the shipping industry. Participants will then co-create and discuss solutions as a group."

 

Photo credit: Kinsey on Unsplash
Published: 28 February, 2023

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Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

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steve pb from Pixabay

A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

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LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

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Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

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LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

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UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

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