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To fulfill the demand for LNG, ADNOC L&S to acquire 3 more new build vessels

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ADNOC L&S to acquire 3 more new build vessels to meet the demand for LNG. Image: ADNOC
ADNOC L&S to acquire 3 more new build vessels to meet the demand for LNG. Image: ADNOC
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ADNOC Logistics & Services, the shipping and maritime logistics arm of the Abu Dhabi National Oil Company and the region’s largest shipping and logistics company, announced its decision to purchase three additional liqueified natural gas vessels. ADNOC L&S is the region’s largest shipping and integrated logistics company and the state-of-the-art new-build vessels will bolster the company’s capacity as it responds to the growing global demand for LNG.

The new-build LNG vessels, each with a capacity of 175,000m3, are significantly larger than the current ADNOC L&S fleet which have a capacity of 137,000m3 each. ADNOC L&S previously announced in April 2022 that it will acquire two LNG vessels which brings the total number of new-build LNG vessels ordered to five, with the vessels scheduled for delivery in 2025 and 2026.

Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “ADNOC is an active player in the evolving global energy landscape, where natural gas and LNG are playing an increasingly important role. ADNOC L&S’ strategic acquistion of five state-of-the-art LNG vessels will support ADNOC’s existing LNG business as well as its significant growth plans.

“Several dynamics are stengthening the LNG market which makes the timing of these acquisitions particularly significant. This includes a renewed emphasis on energy access and security, as well as new environmental regulations that favor more fuel-efficient vessels, such as the new-builds that we are purchasing.”

All five new-build LNG vessels will be built at the Jiangnan Shipyard in China. Jiangnan Shipyard was also previously commisioned by ADNOC L&S in 2020 to build five Very Large Gas Carriers for AW Shipping, ADNOC L&S’ Joint Venture company with China’s Wanhua Chemical Group.

Mr. Lin Ou, Chairman of Jiangnan Shipyard, said, “We would like to thank ADNOC L&S for its continued collaboration with Jiangnan. We are committed to the promotion of new efficient, energy-saving and environmentally-conscious vessels and proud to be able to support ADNOC L&S’ growth strategy for the future.”

The acquisition of larger, more energy efficient vessels will allow ADNOC L&S to meet growing customer demand while improving the environmental footprint of its fleet. The new vessels’ engine technology will reduce emissions (CO2, NOX and SOX) and in combination with the innovative Air Lubrication System, further reduce fuel consumption by at least 10%.

ADNOC L&S has the largest and most diversified fleet in the Middle East, with more than 200 vessels transporting crude oil, refined products, dry bulk, containerized cargo, liqueified petroleum gas (LPG), and LNG to global markets. When combined with its 1.5 million square meter integrated logistics base in Mussafah and its comprehensive end-to-end logistics capabilities, ADNOC L&S is the region’s leading provider for integrated maritime logistics solutions.

Over the past 24 months, ADNOC L&S has acquired 16 deep sea vessels, including eight Very Large Crude Carriers in 2021, that added 16 million barrels of capacity. Furthermore, the company acquired six product tankers, which expanded the product tanker fleet capacity to over 1 million metric tonnes as well as five VLGC for AW Shipping.

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Environment

Rhenus to achieve LCL carbon neutrality through a pilot project

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Rhenus to achieve LCL carbon neutrality through a pilot project. Image: Rhenus Group
Rhenus to achieve LCL carbon neutrality through a pilot project. Image: Rhenus Group
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Rhenus Group, a leading global logistics service provider, announces positive progress in the efforts to achieve LCL carbon neutrality through a pilot project to ensure that the reduction of emissions complies with international standards. Rhenus is working with ClimatePartner, an independent consultancy, to verify the calculation methodology and offset the amount of CO2 through verified and audited carbon offset projects.

The ClimatePartner label, which confirms the carbon neutrality of the products under the Rhenus name, will be available to companies who engage Rhenus to export LCL shipments from the Central European Gateway in Hilden starting this year. Currently, the emissions from the operations during Q1 2022 have been calculated and offset, the rest of 2022 will follow. With the offset result from this pilot project, Rhenus has invested in a wind energy project which promotes less reliance on fossil fuels.

“Our LCL Gateway in Hilden is the biggest Rhenus consolidation hub worldwide and moving towards a sustainable direction is our focus. In parallel with minimising direct emissions, Rhenus is willing and ready to take the extra steps in developing services with a verified carbon-neutral label. This is only the start of our journey to decarbonising logistics services.” said Julian Broeer, Regional Head LCL Europe of Rhenus Air & Ocean.

“Contributing to sustainable logistics is a core objective of Rhenus and the green logistics efforts. We are encouraged by the promising progress thus far. Results and learnings of this pilot project will lay the foundation for our goal to achieve 100 percent carbon neutrality for all LCL shipments worldwide by 2030,” said Jan Harnisch, the newly appointed global Co-CEO of Rhenus Air & Ocean.

The pilot project is the first step in the Rhenus strategy to neutralise the carbon emissions of its LCL product by 2030, which was announced in late 2021. Future plans for Rhenus include opening more carbon-neutral trade lanes, expanding its sustainability product offerings and actively researching effective ways to efficiently reduce emissions.

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Container Shipping Lines

MOL to equip bulk carrier with the “Wind Challenger” hard sail system

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MOL to equip bulk carrier with the "Wind Challenger" hard sail system. Image: MOL
MOL to equip bulk carrier with the "Wind Challenger" hard sail system. Image: MOL
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Mitsui O.S.K. Lines, Ltd. announced its intent to equip a second bulk carrier with the “Wind Challenger” hard sail system, which harnesses the power of wind to propel the vessel. MOL Group company MOL Drybulk Ltd. will operate the vessel, which will transport wood pellets for Enviva Inc., the world’s leading producer of sustainable wood bioenergy, and has signed a construction contract for the new ship with Oshima Shipbuilding Co., Ltd. The vessel, slated for delivery in 2024, will be the second Wind Challenger-equipped vessel in the MOL Group fleet, following one scheduled to enter services in October of this year.

MOL group is also examining the feasibility of adopting “Rotor Sails,” an auxiliary wind propulsion system developed by Anemoi Marine Technologies Ltd, of the U.K. Combined use of both the Wind Challenger and Rotor Sails is expected to reduce greenhouse gas emissions by an average of 20%.

For years, Enviva and MOL have engaged in discussions to improve the efficiency of marine transportation through a contract for the shipping of wood pellets in Atlantic waters. In recent years, there has been a need to reduce the environmental impact of the entire supply chain. As we entered into a partnership in March 2021 with the aim of realizing an environmentally friendly bulk carrier, we have been considering the introduction of energy-saving technology and this is a culmination of our studies so far.

MOL Group clearly states that the group will make a concerted effort to achieve net zero GHG emissions by 2050, under “MOL Group Environmental Vision 2.1.” It will further push forward adoption of energy-saving technologies using wind such as the Wind Challenger and Rotor Sails, to help reduce GHG emissions and realize a low- and de-carbonized society.

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Container Shipping Lines

MOL launches joint study on ship fuel with Japan’s NIES

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MOL launches joint study on ship fuel with Japan's NIES. Image: MOL
MOL launches joint study on ship fuel with Japan's NIES. Image: MOL
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Mitsui O.S.K. Lines, Ltd. announced the launch of a joint study on ship fuel with Japan’s National Institute for Environmental Studies. The National Institute for Environmental Studies- MOL launches joint study on ship fuel with Japan’s NIES is the only national institute in Japan conducting a broad range of interdisciplinary and integrated environmental research

MOL and NIES, collaboration with each extensive past experience of fuel analysis records, will conduct fuel quality analysis and research for the safe operation of machinery on vessels over a period of about three years. They will also aim to develop a database of such results, which would help to predict environmental impacts in terms of different of fuel quality as well as characteristics and reduce risks of oil leakage in case of troubles. In addition, this collaboration is also extended to cover one of the alternative clean fuels, biofuel.

With this study, MOL plans to collaborate with big data in the “BUNKER HUB” fuel oil and lubricant analysis result management system developed and operated by MOL Technology Research Center. “BUNKER HUB,” MOL’s new system to manage fuel oil and lubricant analysis results, started its service in August 2021. The system consolidates statistical data such as “analysis results by vessel/region” and “off-spec bunker occurrence area distribution” on the cloud. It also allows online access/monitoring of analysis data, anytime and anywhere.

MOL also aims to contribute to technological improvement and safe operation in the maritime cluster and promote the development of the maritime industry by utilizing its accumulated analysis results and data through. MOL Group will contribute to realizing a sustainable society by promoting responses to sustainability issues, which are identified as social issues that must be addressed as priorities through its business.

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