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Biofuel powered Panamax bulk carrier sea trials by MOL

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Biofuel powered Panamax bulk carrier sea trials by MOL. Image: MOL
Biofuel powered Panamax bulk carrier sea trials by MOL. Image: MOL
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Mitsui O.S.K. Lines, Ltd. announced that its group company, MOL Drybulk Ltd. will start sea trials of Panamax bulk carrier “C.S. OLIVE”, chartered from Chugoku Sougyo CO., Ltd., using biofuel in late June 2022.

MOL has signed a deal for biofuel supply with Chevron Singapore Pte. Ltd., and about 500 tons of ISCC certified biofuel will be bunkered on the vessel at Port of Singapore. The bio-fuel supplied by Chevron Singapore is blended with Used Cooking Oil Methyl Ester as a 20% to 24% component in the VLSFO. This biofuel can be used on vessels without changing engine specifications and is expected to decrease approximately 15% to 20% of exhausted CO2 based on lifecycle analysis.

Biofuel is positioned as an effective alternative to fossil fuels in the MOL Group’s new environmental strategy ‘MOL Group Environmental Vision 2.1’, which was announced in June, 2021. MOL Group continually takes a proactive stance in promoting the Adoption of Clean Alternative Fuels such as biofuel with the aim of reducing greenhouse gas emissions in ocean transport.

MOL’s five Sustainability Issues

MOL Group will contribute to realize a sustainable society by promoting responses to the sustainability issues, which are identified as social issues that must be addressed with priority through the business. The group anticipate this initiative to contribute especially to the realization of “Environment -Conservation for Marine and global environment-“.

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MSC breaks record of lifting heaviest breakbulk parcel from India

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MSC breaks record of lifting heaviest breakbulk parcel from India. Image: MSC
MSC breaks record of lifting heaviest breakbulk parcel from India. Image: MSC
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MSC India achieved another milestone in project cargo shipping solutions, with the loading of a 140-ton transformer on MSC Regina from the port of Mundra, India. This is the heaviest ever breakbulk parcel moved by container ship from India, surpassing MSC’s previous record. The transformer is destined for a greenfield power transmission development project in Zambia.

MSC’s previous heavy-lift record was for the loading of a 115-ton transformer in 2018 at Port of Nhava Sheva. India is catching up countries such as China, Germany, South Korea and the USA, where pieces of more than 200 tons have already been loaded successfully on container vessels.

MSC has always put the customer at the center of its business, including by providing access to dedicated project cargo equipment to ensure the loading goes smoothly. Lifting gears were used to make this a successful loading using the right combination of special equipment.

Putting onboard a 140-ton parcel is a substantial process and requires immense focus and precision. Our teams demonstrated excellent teamwork and ensured synchronized coordination between the terminals, operations teams, stevedores, technical surveyors, and the shipper to analyze the all the technical aspects of the loading.

The company extended a special note of thanks to members of the team at Adani Mundra Terminal who extended their cooperation as always. This entire operation was completed in the allotted berthing window, enabling us to maintain the vessel’s service schedule.

The success of this operation has opened new doors for MSC to also cater to the heavy cargo category on container ships. This sets an excellent example of what perfect co-ordination and teamwork can do. Once again, the company raised the bar, proving the expertise and hard work can make the impossible, possible.

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SFL Corporation to acquire four modern Suezmax tankers

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SFL Corporation to acquire four modern Suezmax tankers. Image: Unsplash
SFL Corporation to acquire four modern Suezmax tankers. Image: Unsplash
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SFL Corporation Ltd. announced that it has agreed to acquire four modern Suezmax tankers in combination with long term time charters to a subsidiary of Koch Industries, a world-leading industrial conglomerate.

The vessels are built in 2015 and 2020, respectively, and all four have modern eco-design features including exhaust gas cleaning systems. The aggregate purchase price of the vessels is $222.5 million and the Company expects to take delivery between August and October.

The charter period of the vessels will be six years, adding approximately $250 million to SFL’s fixed-rate backlog. The charterer will have a possibility to terminate the charters after three years against a termination fee and also an option to develop a sale of one or more of the vessels from year four of the charter period, including a profit share arrangement with SFL.

Ole B. Hjertaker, CEO of SFL Management AS, said in a comment: “We are pleased to further expand our presence in the tanker market at what we believe is an attractive point in the cycle with historic low orderbook in the segment. The transaction demonstrates our standing in the market as a high quality provider of transportation services for industry leading customers, and we continue building our fleet and charter backlog with accretive acquisitions.”

SFL Corporation’s fleet of vessels is comprised of container vessels, car carriers, tanker vessels, bulkers and offshore drilling rigs. The company’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time.

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“K” Line signs contract with AIRSEAS for three more “Seawing” units

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"K" Line signs contract with AIRSEAS for three more "Seawing" units. Image: Unsplash
"K" Line signs contract with AIRSEAS for three more "Seawing" units. Image: Unsplash
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Kawasaki Kisen Kaisha, Ltd.- “K” LINE has already decided to install “Seawing”, an automatic kite system developed by AIRSEAS SAS Ltd., on two of their Capesize bulkers, and has now signed the contract for the purchase of three additional “Seawing” units with AIRSEAS.

The additional “Seawing” units will be installed on three post-Panamax bulkers, which are expected to reduce CO2 emissions by more than 20%, similar to Capesize bulkers case. This will be a one of our efforts to achieve our GHG reduction target. The first ship of implementation
is scheduled for a Capesize bulker in Dec. 2022.

In addition, “K” LINE and AIRSEAS have signed a technology development agreement for the effective utilization of the traction power from the “Seawing” based on renewable energy. Specifically, the objective of the agreement is to maximize the performance of “Seawing” by integrating “K” LINE’s ship operational technology with utilization of “Kawasaki Integrated Maritime Solutions” and AIRSEAS’s “Seawing” development technology. “K” Line and Kawasaki Heavy Industries, Ltd Group have developed “K-IMS” ; Integrated vessel operation and performance management system.

“K” LINE is working to realize sustainable society and increase corporate value and reduce its environmental impact to achieve our goal of “Net Zero GHG Emissions by 2050” set forth in the “K” LINE Environmental Vision 2050 through the innovation of various environmental improvement technologies such as “Seawing”.

As an integrated logistics company, the “K” LINE Group is working to realize sustainable society and increase corporate value, and reduce its environmental impact based on its corporate philosophy of contributing to society so that people live well and prosperously.

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