Subscribe to our Mailing Lists (It's free!)
Wednesday, August 17, 2022
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    njord forseti

    Jersey Investigation: Improper lookout leads to collision

    safe warehouse

    How to operate a secure warehouse

    maritime jobs

    Singapore, Pacific Carriers, Pacific International Lines partner to enhance attractiveness of maritime jobs

    seafarers charity

    The Seafarers’ Charity becomes member of Diversity in Maritime Charter programme

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    india hydrogen electric ship

    India could launch its first indigenous hydrogen-fueled electric ship by 2023

    Aqaba Container Terminal

    Aqaba Container Terminal to achieve net zero by 2040

    indonesia shipping energy transition

    Indonesia can be at the centre of shipping’s energy transition, says new report

    port of corpus christi

    Port of Corpus Christi to launch solar farm

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    one digital rates

    ONE to enable automatic digital rate transfer

    uk maritime strategy

    UK: New maritime security strategy to address physical and cyber threats

    cyprus shipping

    Cyprus to accelerate digitalization for shipping

    hapag lloyd

    Hapag-Lloyd to track containers in real time

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    uk mca ships detentions

    Seven new foreign flagged ships detained in UK ports during July 2022

    indonesia coal exports ban

    Indonesia to impose more coal export bans

    black sea mou cic stcw

    Black Sea MoU announces PSC Concentrated Inspection Campaign on STCW

    amsa psc annual report 2021

    AMSA PSC Annual Report 2021

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    Ghana ics

    Ghana Chamber of Shipping now an ICS member

    Aqaba Container Terminal

    Aqaba Container Terminal to achieve net zero by 2040

    port of corpus christi

    Port of Corpus Christi to launch solar farm

    Baltic Exchange

    Baltic Exchange: Maritime market highlights 06 August-12 August

  • Columns
    EPS

    EPS: Decarbonization and crew welfare as top priorities

    undewater noise

    Port of Vancouver: Slowing ships down supports healthier ecosystems

    human sustainability

    Wilhelmsen: Competence is vital for industry’s sustainability

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    njord forseti

    Jersey Investigation: Improper lookout leads to collision

    safe warehouse

    How to operate a secure warehouse

    maritime jobs

    Singapore, Pacific Carriers, Pacific International Lines partner to enhance attractiveness of maritime jobs

    seafarers charity

    The Seafarers’ Charity becomes member of Diversity in Maritime Charter programme

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    india hydrogen electric ship

    India could launch its first indigenous hydrogen-fueled electric ship by 2023

    Aqaba Container Terminal

    Aqaba Container Terminal to achieve net zero by 2040

    indonesia shipping energy transition

    Indonesia can be at the centre of shipping’s energy transition, says new report

    port of corpus christi

    Port of Corpus Christi to launch solar farm

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    one digital rates

    ONE to enable automatic digital rate transfer

    uk maritime strategy

    UK: New maritime security strategy to address physical and cyber threats

    cyprus shipping

    Cyprus to accelerate digitalization for shipping

    hapag lloyd

    Hapag-Lloyd to track containers in real time

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    uk mca ships detentions

    Seven new foreign flagged ships detained in UK ports during July 2022

    indonesia coal exports ban

    Indonesia to impose more coal export bans

    black sea mou cic stcw

    Black Sea MoU announces PSC Concentrated Inspection Campaign on STCW

    amsa psc annual report 2021

    AMSA PSC Annual Report 2021

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    Ghana ics

    Ghana Chamber of Shipping now an ICS member

    Aqaba Container Terminal

    Aqaba Container Terminal to achieve net zero by 2040

    port of corpus christi

    Port of Corpus Christi to launch solar farm

    Baltic Exchange

    Baltic Exchange: Maritime market highlights 06 August-12 August

  • Columns
    EPS

    EPS: Decarbonization and crew welfare as top priorities

    undewater noise

    Port of Vancouver: Slowing ships down supports healthier ecosystems

    human sustainability

    Wilhelmsen: Competence is vital for industry’s sustainability

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Innovation paving the way for marine industry in 2016

by The Editorial Team
January 19, 2016
in Sustainability
innovation
FacebookTwitterEmailLinkedin

From the price of oil to environmental regulation, 2015 was a year of turmoil and uncertainty for the marine sector. Despite this, there were some common global trends that will define 2016, according to Tim Schweikert, President & CEO of GE Marine

#1 The Environment

In December 2015, world leaders met at the COP21 conference to discuss climate change.  The event’s outcome marks a decisive move towards a low carbon future focused on achieving the agreed-upon world target of 1.5 degree climate change ceiling. Indeed, despite being the most carbon-efficient form of commercial transport, the scale of global shipping means it emits around 1,000 million tonnes of CO2 annually, and is responsible for 2.2% of global greenhouse gas emissions. Therefore the industry has a strong role to play in meeting this target.  

While no targets were specifically mentioned for the shipping industry during the COP21, the UN’s IMO regulations have already established and imposed challenging regulation around emissions and fuel efficiency. Additionally, the EU introduced the MRV framework in April 2015 which will require large vessels calling at EU ports to collect and publish annual data on CO2 emissions, starting from January 2018. With more scrutiny to come, the maritime industry will need to implement solutions that will help limit their emissions’ impact on the environment.

RelatedNews

WEF: Decarbonization offers opportunities for new green jobs and trade transition

Climate Change: Carbon is not the main problem

#2 Fluctuating economic conditions

The overall decline in global shipping, timed with an increase in megaship deliveries, results in industry overcapacity. Consequently, ratings agency Fitch has revised its outlook for global shipping to negative for 2016, from stable in 2014, although long-term seaborne trade and fleet are both forecast to grow between 3% and 3.5% on average per annum to 2025.

The offshore industry remains particularly vulnerable. Rising costs, program delays, a large backlog ($390 billion) leading to oversupply, volatile oil prices and corruption scandals in the oil & gas industry in Brazil have created the perfect storm. Capital for building new offshore vessels is estimated to be $15 billion in 2015, down 75% from $68 billion in 2013. We have seen exploration and extraction activities slow down and offshore owners and operators are under great pressure to meet cost challenges.

The volatile state of the industry and stricter environment regulations mean we need to change the way we operate. Companies must rely on innovation using new technologies to increase productivity and meet the new environmental regulations on existing vessels, as well as taking a fresh look at new possibilities to cost effectively produce new vessels.

#3 Innovations driving cleaner marine environment

Restrictions became even more stringent as of January 1, 2016 for diesel engines around the world. The United States Environmental Protection Agency’s (EPA) Clean Air Act began enforcing “Tier 4”, for diesel engines built after January 1. For vessels governed by IMO’s MARPOL Annex VI, more stringent nitrogen oxide (NOx) emissions requirements, known as IMO III, come into effect for vessels built after January 1, 2016 and operating in the designated environmental control areas (ECAs).

These regulations will impact both the environment as well as the engine manufacturers. Advanced engine technology is needed to make sure new ship engines meet the stricter emissions requirements, and cause as little impact to the vessel design and operations as possible.

Because the engine does not need a urea-based selective Catalytic Reduction (SCR) after-treatment system, it requires only about 25% of the engine room space versus other market solutions, reducing the need to make significant design changes on the vessel. This technology also eliminates the incremental operating expenses for urea use, catalyst replacements and maintenance on a SCR after treatment system.

#4 Moving to a digital marine mind-set

With all eyes on operational expenditures in an uncertain market, technology will play a vital role in making marine operations as efficient and cost-effective as possible.

To meet this demand, more shipbuilders will build vessels with technology at the forefront of the design process, using advanced modelling software which analyses a vessel’s anticipated operational profile, and optimises the design from the offset.

Using digital tools, vessels will also become greener, more efficient, and increasingly productive.

 

2016 – a year of opportunity

The year ahead presents an opportunity –increased environmental regulation paves the way for wider use of hybrid energy solutions, which are not only cleaner, but also offer significant leaps forward in efficiency. This is good news for operators across the marine industry, who will be looking to work as cost-effectively as possible in 2016. Operating in a leaner, greener manner is the future of the marine industry, and 2016 will be a defining year.

Source: GE Marine

Tags: green practicestrends

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

njord forseti

Jersey Investigation: Improper lookout leads to collision

August 17, 2022
Ghana ics

Ghana Chamber of Shipping now an ICS member

August 17, 2022
MARITIME EVENTS

RISK4SEA Facts

Did you know that age matters for 2020? 52% more for Five Deficiency Ratio for Bulk Carriers aged 0-5 yo vs. 2019 in Australia.

Learn more risk4sea.com

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.