Windsails Tech Trialled on Bulk Carrier
by Ship & Bunker News Team
Tuesday January 19, 2021 A cruise ship. File Image / Pixabay. A wind energy project for ships has taken a step forward as the technology is to be installed a dry bulk carrier. A Kamsarmax bulk carrier operated by
Cargill is to be fitted with the innovative equipment, according to maritime news provider Tradewinds. The 45 metre in height sails harness wind power to aid propulsion and reduce emissions. The number of sails on a ship can be tailored to its size and the route the ship will take. The rigid sail is one of a number of technological innovations in the sector that are being tested by commercial shipping companies.
40% of VLCCs Could Have Scrubbers by the End of 2020
by Ship & Bunker News Team
Tuesday January 19, 2021 As much as
2020, according to shipping brokerage
Gibsons. Scrubber uptake is the highest in the VLCC fleet, followed by Suezmaxes, Gibsons said in a note to clients last week. Scrubber penetration is considerably lower for smaller size groups.
31% of VLCCs currently have scrubbers, according to Gibsons s estimates. Another 7% is due for scrubber retrofits, and
32% of the current orderbook will come with the systems installed, taking the share of the VLCC fleet with the emissions-cleaning technology to close to 40% by the end of 2020. The actual penetration of scrubbers in the spot market is expected to be even higher when excluded tonnage (NITC, sanctioned/storage vessels) are accounted for, while the anticipated demolition over the course of this year will also reduce the absolute number of non-scrubber tankers, Gibsons said.
World Economic Forum: Trade Will Keep Global Economy and Society on Track
by Ship & Bunker News Team
Tuesday January 19, 2021 WEF: heightened global risks. File Image / Pixabay. The Covi-19 pandemic has hurt global economic growth and prompted a rise in global inequalities which means that future economic growth must be more inclusive, president of the World Economic Forum (WEF)
Borge Brende said at the launch of the organisation s annual global risk assessment. The report s authors outlined the key risks over a five-to-ten year time frame for the global economy, society and politics.
Carolina Klint from insurer
Peter Giger of
85 million jobs are likely to be lost to automation in the next five years.
Wartsila: Owners Using Pandemic Trade Pause for Retrofits
by Ship & Bunker News Team
Friday December 25, 2020 With the coronavirus pandemic having slowed global trade this year,
Wartsila says owners have been making the best of a bad situation by using the downtime to fit efficiency retrofits to their vessels. With half of Wärtsilä s retrofits requiring docking or a period of out-of-service, the unprecedented crisis has offered an economically sound opportunity to upgrade and transform old ships into leaner and cleaner vessels fit for the future, it said. The glass half full message was accompanied with a stark reminder that while much has changed as a result of COVID-19, the IMO 2030 and IMO 2050 emissions targets remain the same.