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“Green Financing” secured for new vessels 

UECC has secured “Green Financing” in relation to the Company’s investment in new generation pure car and truck carriers (PCTC) with Battery Hybrid LNG Solution taking the company beyond IMO’s target of 40 percent carbon reduction by 2030.

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"Green Financing" secured for new vessels 
"Green Financing" secured for new vessels. Image: UECC

UECC has secured “Green Financing” in relation to the Company’s investment in new generation pure car and truck carriers (PCTC) with Battery Hybrid LNG Solution taking the company beyond IMO’s target of 40 percent carbon reduction by 2030.

United European Car Carriers (UECC), jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, has signed a contract to construct three new generation PCTC with China Ship Building Trading Co., Ltd and Jiangnan Shipyard Group Co. Ltd

UECC has secured “Green Financing” from Svenska SkeppsHypotek in the amount of approximately USD 70 million for the new vessels, a confirmed order of 3 vessels in total, being delivered from July 2021 and onwards. Securing “Green Financing” makes UECC eligible for reductions in borrowing cost. UECC has clear sustainability ambitions reducing harmful emissions and believe our new vessels will be an important step in this direction. This takes the company a further step in the right direction making our whole value chain, from vessel to finance, more environmental says UECC’s CFO, Thomas Thue.

The vessels will be equipped with a Battery Hybrid LNG Solution which will place UECC beyond IMO’s target for a 40 percent reduction in carbon intensity by 2030.

“This is a giant leap towards decarbonization, and unlike anything else that has been done previously in our industry, I believe, and something that we are extremely proud of” stated UECC’s CEO, Glenn Edvardsen.

The vessels will have a length overall of 169 meters, a width of 28 meters and a car carrying capacity of 3 600 units on 10 cargo decks, of which 2 decks are hoistable.

This will make the vessels extremely flexible enabling them to accommodate a multitude of high & heavy and break-bulk mafi cargoes, which are cargo segments, in addition to the cars, that UECC has built a significant portfolio of over the years.

The vessels will have a quarter ramp of 160 metric tons safe working load and a side ramp of 20 metric tons safe working load and can accommodate cargo units up to 5.2 meters high.

To ensure a significant reduction in the environmental footprint, UECC, Jiangnan Shipyard and leading ship Designer Shanghai Merchant Ship Design & Research Institute (SDARI) will build the PCTCs according to some of the most innovative and the latest energy efficiency criteria.

The vessels will meet the Tier 3 IMO NOx emission limitations coming into force the Baltic and the North Sea from 2021. In respect of the 2021 CO2 reduction regulations, the vessels will also be equipped with dual-fuel LNG engines for main propulsion and auxiliaries.

“The environment is at the top of UECC’s agenda” said Edvardsen. UECC’s Head of Ship Management, Jan Thore Foss, added “UECC’s experience with LNG PCTCs has been very good and there was really no other alternative for us” and added “the LNG solution will reduce the CO2 emission by about 25 percent”.

To make the vessels even more environmentally friendly and to cut CO2 emissions further, the vessels will also be equipped with battery packages. “We are investing in the future,” underlines Edvardsen” and added “Our solution will take us beyond IMO’s target for a 40 percent reduction in carbon intensity by 2030”.

As more bio fuels are set to become commercially available in the future, UECC aims to also use carbon neutral and synthetic fuels as part of our future fuel mix. “In our strategy we take a long-term view,” said Edvardsen, “and that’s why we go for a battery hybrid LNG fuel solution on our new buildings”.

UECC’s CEO, Glenn Edvardsen, concluded with the following statement: “UECC has again taken leadership, and responded to future environmental regulations and market demands, with technological innovation, quality and sustainability and we will continue to do so. Furthermore, we will exceed current and future environmental regulations”.

 

Break Bulk

Safe Bulkers, Inc. enters into a Scrubber Service Agreement with Alfa Laval

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Safe Bulkers, Inc. enters into a Scrubber Service Agreement with Alfa Laval. Image: Flickr/ Ross Geograph
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Safe Bulkers, Inc. an international provider of marine drybulk transportation services, announced that the Company has entered into a Service Agreement with Alfa Laval to minimize down time, enhance regulatory compliance and safeguard scrubber performance over the life-time of the vessel.

The Agreement provides for a flat yearly fee, lifecycleoriented services from the Alfa Laval PureSOx 360° Service Portfolio, including remote monitoring of scrubber performance through connectivity module, service kits, minimum
inventory of genuine Alfa Laval spares parts on board and ashore for remote trouble-shooting and sensor calibration by exchange.

In addition, the Agreement provides for training of Company’s crew members and superintendents at the Alfa Laval PureSox training center in Shaghai, China.

15 Alfa Laval PureSOx Scrubbers have been installed at COSCO retrofit
shipyards with engineering design of Alfa Marine Consulting P.C., and five more are scheduled to be installed within the first quarter of 2020 after the resumption of shipyard operations following the Chinese New Year, concluding the Company’s scrubber retrofit program.

The remaining 21 vessels of Company’s fleet are operated using compliant fuels, having timely completed tank cleaning and all other related actions for such transition according to their respective Ship Implementation Plan in accordance with IMO provisions.

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Etihad targets zero net carbon emissions by 2050, in expanded commitment to environmental sustainability

Etihad Airways, the national airline of the United Arab Emirates, today committed to a minimum target of zero net carbon emissions by 2050

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Etihad targets zero net carbon emissions by 2050, in expanded commitment to environmental sustainability. Image: Wikimedia/ Richard Vandervord
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Etihad Airways, the national airline of the United Arab Emirates, today committed to a minimum target of zero net carbon emissions by 2050 and halving of its 2019 net emission levels by 2035.

The company’s ambitious environmental targets will be achieved through a mix of internal initiatives, collaboration with industry partners and adoption of a comprehensive program of relevant carbon offsets, to be developed with specific focus on the requirements of the UAE and markets served by the airline.

The Group Chief Executive Officer of Etihad Aviation Group, Tony Douglas, said: “The global focus on the environment and the urgency of reducing carbon emissions has never been greater. Etihad Aviation Group, together with its partners, is taking an active role in reducing the impact of aviation on the environment through initiatives ranging from optimised fuel management to sustainable financing practices.”

Today’s announcement came as part of Abu Dhabi Sustainability Week, an annual event in the capital of the UAE, where Etihad is headquartered.

Mr Douglas said the entire air transport industry, from airlines and suppliers to airspace providers, was responsible for helping to reduce aviation’s emissions, and solutions needed to be holistic and coordinated, not isolated and sporadic.

“Airlines have attracted significant scrutiny in the global discussion of the environment, and our collective challenge as a fast-growing industry is to deliver meaningful initiatives which can quickly help to contain and reduce carbon emissions,” he said.

The International Air Transport Association (IATA) predicts that the number of passenger journeys will more than double within 20 years, from 4.5 billion in 2019 to an estimated 9 billion by the late 2030s.

The International Transport Forum (ITF) at the Organisation for Economic Cooperation and Development (OECD) adds that international aviation will experience compound annual growth of 3.8 per cent to 2050, forecasting that traffic will reach 16.5 billion passenger kilometres, or 3.6 times 2015 volumes.

Recent sustainability initiatives taken by Etihad Aviation Group include:

  • Continued induction of the latest-generation, most fuel-efficient aircraft, including additional Boeing 787 Dreamliners, and plans for three new types – the wide-bodied Airbus A350-1000 and Boeing 777-9, and narrow-bodied Airbus A321neo. The next Dreamliner is due to arrive next week;
  • Commencement of the Etihad Greenliner Programme, in which the airline’s entire fleet of Boeing 787 aircraft will be used during normal scheduled flights as ‘test beds’ for sustainable products and practices;
  • Becoming the first airline to secure commercial funding conditional upon compliance with the Sustainable Development Goals of the United Nations. In partnership with First Abu Dhabi Bank and Abu Dhabi Global Markets, Etihad recently secured 150 million Euros to help finance the development of a multi-storey ‘eco residence’ for cabin crew living in Abu Dhabi. The airline is now exploring more opportunities for this style of funding;
  • Commitment to reduce single use plastics by 80 per cent by 2022, and;
  • Partnering in the development of sustainable aviation fuels including biofuel developed and refined in Abu Dhabi from saltwater-tolerant plants, and commitment to support the development of another sustainable jet fuel from municipal waste in Abu Dhabi.

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Environment

StreetScooter provides electric vans and charging infrastructure for Amazon

Amazon has ordered 40 StreetScooter WORK Box electric vans which will be deployed at its distribution center in Munich Daglfing.

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StreetScooter provides electric vans and charging infrastructure for Amazon. Image: DHL
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Amazon has ordered 40 StreetScooter WORK Box electric vans which will be deployed at its distribution center in Munich Daglfing. Complementing the vehicle order, StreetScooter has also installed 60 charging stations at the Amazon site.

“We were very delighted that Amazon turned to StreetScooter for a climate-friendly delivery solution as well as our proven charging infrastructure expertise,” said Jörg Sommer, CEO of StreetScooter GmbH.

“Amazon is committed to achieving the Paris agreement targets ten years ahead of schedule – in 2040 instead of 2050 – so we are collaborating with a number of different partners developing new technologies and helping promote a carbon-neutral economy,” explained Adam Elman, Senior Lead Sustainability, Amazon Europe. “We look forward to working with StreetScooter and using their expertise to add additional electric vehicles and charging stations to our network and achieve carbon-neutral delivery operations.”

StreetScooter’s “Made in Germany” e-vans not only proved their ability to handle the heavy demands of last-mile delivery, but scored points for economy and ROI as well. According to Jörg Sommer, StreetScooter performs better in total cost of ownership after just a few years as compared to conventional combustion-engine vehicles.

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