EEDI does it
In a 2018 paper, decarbonizing intraregional freight systems with a focus on modal shift, a team of researchers led by EPP Ph.D. student Lynn Kaack recommended improving the efficiency of individual vehicles, measured in grams of CO2 per tonne-km. The most cost-effective way to do this, Kaack et al determined, is “Shifting as much freight as possible from road transportation to rail and water is one of the most important means for decarbonizing the freight sector.”
Shipping carries more than 90% of world trade and has continued to do so during the covid pandemic, yet is still far and away the least polluting of the world’s transport industries. Even in a world where containers are being carried across multiple landmasses over the course of a single truck journey, shipping’s exemption from the Paris climate accord has not prevented the industry from taking action. Despite its image problem in the mainstream press, shipping is arguably going beyond the call of du
DSIC Delivers LR2 Newbuild to Maersk Tankers
Maritime Activity Reports, Inc.
Maersk Sara (Photo: Maersk Tankers)
Danish based Maersk Tankers has taken delivery 115,000 dwt tanker Maersk Sara from Chinese shipbuilder Dalian Shipbuilding Industry Company (DSIC).
The LR2 vessel, second in a series of 10, is said to be 20% more fuel-efficient than similar vessels she will replace in the existing fleet and meets the Energy Efficiency Design Index (EEDI) phase 3 requirements applicable from 2025.
Maersk Sara is equipped with deepwell cargo pumps – an installation that increases cargo carriage flexibility and can save up to 50% fuel at every discharge, Maersk Tankers said.
The series first six ships were ordered in May 2018, and options for the final four vessel were exercised in May 2019. The lead vessel, Maersk Sandra, was delivered from DSIC in August 2020.
Home / Shipping News / Hellenic Shipping News / Safe Bulkers, Inc. Entered into an Agreement for the Acquisition of a Post-Panamax Class Dry-bulk Japanese Vessel with Delivery in the 3rd quarter of 2022
Safe Bulkers, Inc. Entered into an Agreement for the Acquisition of a Post-Panamax Class Dry-bulk Japanese Vessel with Delivery in the 3rd quarter of 2022
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese-built, dry-bulk, Post-Panamax class, 87,000 dwt, newbuild vessel at an attractive price with a scheduled delivery within the third quarter of 2022. The vessel is designed to meet the latest requirements of Energy Efficiency Design Index related to Green House Gas, GHG emissions, ‘EEDI, Phase 3’. It will also comply with the latest NOx emissions regulation, NOx-Tier III.
Safe Bulkers invests in another eco-efficient newbuild
Monaco-based bulker owner Safe Bulkers has acquired a Japanese-built Post-Panamax class, 87,000 dwt, eco-efficient newbuild vessel.
The vessel is designed to meet the latest requirements of Energy Efficiency Design Index related to greenhouse gas, EEDI, Phase 3. Once delivered in the third quarter of 2022, it will also comply with the latest NOx emissions regulation, NOx-Tier III.
Separately, Safe Bulkers has secured a new term loan facility of up to 60% post-delivery financing of this acquisition, an increase of the commitment under the existing revolving credit facility from $20 million to $30 million. The loan will have its maturity date extended from 2022, by up to 2 years under the same preexisting financial covenants.
Photo: athree23 - Pixabay Safe Bulkers, Inc. has entered into an agreement to purchase a 87,000-dwt post-panamax newbuild to be built at a Japanese shipyard.
The vessel, scheduled for delivery within third quarter of 2022, will be designed to meet the latest requirements of Energy Efficiency Design Index (EEDI).
Financial details of the newbuilding order deal were not disclosed.
Meanwhile, New York-listed Safe Bulkers said it has entered into an agreement for a new term loan facility of up to 60% post-delivery financing of the vessel purchase. The loan is an increase of its commitment under the existing revolving credit facility from $20m to $30m, and the extension of its maturity date by up to two years from 2022.