V.Group's three new vessels will be used on Shell's long-term time charter. New York-based tanker company International Seaways owns the three LNG dual-fuel VLCCs. In addition to emission-reducing LNG-powered engines, the vessels feature optimized hull shapes and propellers. René Kofod-Olsen, CEO of V.Group, said: "We see LNG as the main transition fuel to achieve our goal of decarbonising shipping".
A dual-fuel LNG (liquefied natural gas) shuttle tanker ordered by NYK Offshore Tankers AS, a subsidiary of NYK, was delivered on August 2 at Daewoo Shipbuilding & Marine Engineering Co., Ltd. in South Korea. The shuttle tanker will be chartered to ENI Trade & Biofuels S.p.A and will be engaged in oil transportation in the North Sea and Barents Sea. It will use LNG fuel, which is more environmentally friendly than traditional petroleum fuels, and will be equipped with a VOC recovery system and energy storage system5, thereby reducing greenhouse gas emissions.
The vessel will be equipped with separate cargo tanks designed to carry both LPG and ammonia. The vessel will be built at the KHI Sakaide shipyard and is expected to be delivered in 2025. Ammonia is attracting attention as a future zero-emission fuel that emits no carbon dioxide (CO2) when burned. NYK launched "Sail GREEN" as the company's ESG brand, emphasizing NYK's efforts to reduce greenhouse gas emissions through the transportation of goods and contribute to customers' eco-friendly supply chains. The VLGC will not only comply with the tightening of the SOx global cap regulations* from January 2020, but will also comply with the IMO's Energy Efficiency Design Index (EEDI)** Stage 3 regulations, which have become more stringent from April 2022 carbon dioxide emission standards. As a "Sustainable Solution Provider", NYK Group promotes new value creation and vigorously promotes ESG management.
WinGD's iCER (Intelligent Control of Exhaust Gas Recirculation) engine solution will be delivered to a new 17400 cbm LNG carrier as part of the WinGD X-DF 2.1 engine. The carrier is being built by South Korea's Hyundai Heavy Industries (HHI), with engine deliveries scheduled for May 2024. It features second-generation technology for better combustion control, resulting in lower emissions and fuel savings across the entire load range. Methane leakage can be reduced by up to 50%.
The world's first 36,000-hour dual-fuel engine overhaul has been completed on an LNG tanker in Malaysia. SK Audace uses six WinGD X62DF twin engines developed by the Swiss marine power company Winterthur Gas & Diesel (WinGD). The overhaul was carried out by CMS Korea at the Malaysian Marine and Heavy Engineering (MMHE) shipyard in June 2022.
The Green Growth Fund (GGF) has completed the third edition of its Green Finance Specialist course, successfully graduating 46 graduates from partner institutions in 10 countries. Participants visited green projects, including the energy self-sufficient village of Feldheim, Germany. They discussed the latest developments in Germany's energy transition, as well as renewable energy legislation and international energy cooperation with the German Energy Agency (dena).