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Drax and MOL Drybulk join forces to develop wind-powered vessels

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Drax and MOL Drybulk join forces to develop wind-powered vessels. Image: MOL
Drax and MOL Drybulk join forces to develop wind-powered vessels. Image: MOL
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Leading renewable energy company Drax Group and Japanese shipping company MOL Drybulk Ltd. are working together to reduce the emissions and fuel costs associated with shipping biomass by deploying wind power technology on its vessels.

The companies plan to facilitate the development of wind-powered vessels to transport bulk cargoes of Drax’s wood pellets to its customers in Japan, where the biomass is used to generate reliable, renewable energy, which displaces fossil fuels.

The newly built vessels will be fitted with MOL’s Wind Challenger hard sail technology, with the first ship expected to be on the water as soon as 2025.

The initiative is part of Drax’s plans to further reduce supply chain emissions in line with its world-leading ambition to be a carbon negative company by 2030, by using bioenergy with carbon capture and storage.

Drax Group Chief Executive Will Gardiner said: “MOL Drybulk’s hard sail technology has the potential to transform the maritime industry, cutting emissions and fuel costs and supporting global efforts to address the climate crisis.”

He added, “This partnership to advance this crucial new technology will support Drax’s commitment to reduce its own supply chain emissions and could also deliver far-reaching benefits across a number of different sectors that rely on ships to carry goods to customers around the world.”

Under the Memorandum of Understanding, the two companies will study the feasibility of deploying a first and second generation Environmentally Friendly Bulk Carrier to carry Drax’s biomass.

The first EFBC will use MOL’s automated telescopic hard sail technology – Wind Challenger, and will evaluate the application of other technologies including rotor sails.

The second EFBC aims to at least halve emissions with new vessel designs that use multiple Wind Challenger sails, other low-carbon technologies in development and the use of alternative fuels such as ammonia, liquefied natural gas and synthetic fuels.

Kazuhiko Kikuchi, President and Representative Director of MOL Drybulk said: “MOL has been working with our partners to develop the Wind Challenger technology for over a decade, and it’s great to see this become a reality.”

He continued, “We are extremely excited to work together with an innovative company such as Drax. This partnership will help us have a positive impact on how wood pellets and other cargoes are transported across the world.”

MOL Drybulk’s work will include developing the technologies that will be used and liaising with the shipyard where the vessel will be built and fitted with the hard sail technology. Drax will work with the ports and terminals in the supply chain on the operational feasibility studies.

The MoU with MOL Drybulk follows Drax’s previous work with the Smart Green Shipping Alliance to look at the potential of fitting innovative sail technology on ships transporting biomass from the US to the UK.

 

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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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