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Maersk: Charting the course to a climate-neutral Europe and sustainable shipping

The CEO of A.P. Moller – Maersk says it is naïve to believe the recently published European Commission “fit for 55” package “only” aims to reduce emissions.

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Søren Skou, the CEO of A.P. Moller - Maersk on Wednesday (14 July) offered his thoughts on the recently published European Commission “fit for 55” legislative package in a social media post:

Today, the European Commission published its long-awaited “fit for 55” legislative package. This basket of measures will affect all sectors of the European economy as only a concerted effort can make Europe the first climate-neutral continent by 2050 and deliver the EU’s 2030 emissions reduction objective of at least net 55%. It is naïve to believe that the “fit for 55” package “only” aims to reduce emissions. 

It should also be seen as the European Commission’s push to ensure that the EU does not miss out on the green energy revolution. It is simply an opportunity our old continent cannot afford to miss.

A Virtuous triangle: fuels, ships and infrastructure

When it comes to shipping, three key measures are put forward by the European Commission:

  1. The inclusion of shipping into the EU ETS;
  2. The FuelsEU Maritime Regulation; and
  3. The revision of the Renewable Energy Directive (RED).

This regulatory triangle will aim to incentivize the right behavior (ETS), push the use of the right fuels (FuelsEU) and support the production of these fuels (RED revision). For Maersk, the EU has chosen the right approach. All three elements, provided that they complement each other, can accelerate the decarbonization of shipping.

Maersk supports the phased approach chosen in ETS and the strong focus on spurring and financing innovative and not yet commercially viable technologies. The ETS proceedings can and should serve to cover part of the competitiveness gap of new renewable fuels that shipping will start using shortly, instead of ending up as subsidies for existing technology.

Future proofing regulation: fuel lifecycles and CO2 equivalents

But all three elements of this regulatory triangle also need to consider the journey towards decarbonisation. We must not end-up picking winners (i.e. fuels) which are immature and sit on our hands until these become viable. Shipping needs to lower its emissions today and advanced biofuels such as green biomethanol should consequently be supported, at least for a period.

This can be done through an incentive mechanism in FuelsEU or RED for specific fuels based on their lifecycle emissions and their CO2 equivalent contents. Life Cycle Assessment will also ensure that we don’t push uptake of fuels with emissions elsewhere in the chain than from the ship. Only focusing on the CO2 coming out of the stack of the ship is no longer a credible or scientific path.

Stay at the IMO table

As stated previously, Maersk believes that the EU basket of measures should serve as an incubator to show the International Maritime Organization (IMO) that significant GHG reductions are possible and do not lead to major increases in consumer prices. We still believe that the EU should start with applying its virtuous regulatory triangle to intra-EU trade and then move to a broader scope if the IMO has not delivered by 2025. This will secure that EU Member States still have a strong voice at IMO based on facts and not politics. More importantly, it will be fundamental in securing a global carbon price for the 85% of shipping emissions not covered by the full EU MRV scope. By setting a deadline in 2025 we also acknowledge that we will not wait forever for the IMO. We need to see progress now.

Maersk looks forward to supporting and engaging with EU and non-EU stakeholders on the Fit for 55 package. This could chart the course for sustainable shipping and the EU’s role in transitioning our economies to climate neutrality.

 

Photo credit: Maersk
Source: LinkedIn
Published: 16 July, 2021

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Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

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Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

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Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

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Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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