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bp and NYK Line join forces to help decarbonise hard-to-abate sectors

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bp and NYK Line join forces to help decarbonise hard-to-abate sectors. Image: NYK Line
bp and NYK Line join forces to help decarbonise hard-to-abate sectors. Image: NYK Line
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bp and NYK Line have signed a memorandum of understanding to collaborate on future fuels and transportation solutions to help industrial sectors, including shipping, decarbonise.

For shipping, the companies will collaborate and identify opportunities to help transition from current marine fuels to alternatives such as LNG, biofuels, and methanol, and to develop future fuels such as ammonia and hydrogen. Getting this journey right will be critical to enabling the shipping industry to meet its long-term decarbonisation ambitions.

For other hard-to-abate industrial sectors, the two companies will also consider potential marine transportation and other solutions for carbon dioxide, and explore participation in the supply chains for ammonia and hydrogen to be used in heavy industry and power generation, to help those sectors to decarbonise.

Shipping is core to global trading activities. For the world to decarbonise, shipping must decarbonise, and as one of the world’s largest shipping and logistics companies, NYK Line is seeking to lead decarbonisation efforts in the industry through collaboration with bp.

bp is focusing on working with corporates in key industrial sectors that have significant carbon emissions to manage, to help them to decarbonise. The company’s ambition is to be a net zero company by 2050 or sooner, and to help the world to get to net zero.

William Lin, EVP regions, cities and solutions, bp said: “bp and NYK Line have a combined experience of almost 250 years working in the shipping sector, strong existing relationships and a shared understanding of the need for the marine industry to decarbonise. By bringing together our technical expertise, understanding of the supply chain, and insights from our customers, I am confident that together we can do more to drive change at pace in hard-to-abate sectors.”

Akira Kono, Senior Managing Executive Officer-Chief Executive of Energy Division, NYK Line said: “We are very pleased to enter into a strategic partnership with bp. We look forward to developing even more valuable solutions in the field of decarbonisation. By combining bp’s technological expertise and worldwide network in integrated energy with NYK Line’s expertise and technology as one of the world’s largest shipping and logistics companies, we hope to become a leader in the decarbonisation of the shipping industry.”

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Container Shipping Lines

Yara to start operating the world’s first fully emission-free container ship

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Yara to start operating the world’s first fully emission-free container ship. Image: Yara International
Yara to start operating the world’s first fully emission-free container ship. Image: Yara International
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The world’s first electric and self-propelled container ship – Yara Birkeland – has departed for its maiden voyage in the Oslo fjord. The Norwegian Prime Minister was given a tour by CEO of Yara, Svein Tore Holsether.

“We are proud to be able to showcase the world’s first fully electric and self-propelled container ship. It will cut 1,000 tonnes of CO2 and replace 40,000 trips by diesel-powered trucks a year, says Svein Tore Holsether, CEO of Yara.

Friday morning, he welcomed Prime Minister Jonas Gahr Støre and Minister of Fisheries and Ocean Policy Bjørnar Skjæran on Yara Birkeland, after the ship had completed its maiden voyage to Oslo, Norway.

Emission-free shipping

Yara Birkeland, which has already received wide coverage in Norwegian and international media, has been developed in collaboration with the Kongsberg Group (KONGSBERG). The ship was built by VARD with financial support from Enova, and will be in commercial operation from 2022.

“We have been looking forward to this day for a long time. Yara Birkeland will transport mineral fertilizer between Porsgrunn and Brevik and will contribute to significant emission cuts during transport. This is an excellent example of green transition in practice, and we hope this ship will be the start of a new type of emission-free container ships. There are a lot of places in the world with congested roads that will benefit from a high-tech solution like this, says Holsether.

Now begins a two-year testing period of the technology that will make the ship self-propelled, and finally certified as an autonomous, all-electric container ship.

A shared ambition

Yara Birkeland is a collaborative project between several actors, where KONGSBERG is responsible for the development and delivery of all newly developed technology on the ship. The ship will be operated from Massterlys’ monitoring and operations center in Horten. Massterly is a joint venture between KONGSBERG and Wilhelmsen.

“Norway is a big ocean and maritime nation, and other nations look to Norway for green solutions at sea. Yara Birkeland is the result of the strong knowledge and experience we have in the Norwegian maritime cluster and industry. The project demonstrates how we have developed a world-leading innovation that contributes to the green transition and provides great export opportunities for Norwegian technology and industry, says Geir Håøy, CEO of the Kongsberg Group.

Enova, a government enterprise responsible for promotion of renewable energy, has allocated up to NOK 133.5 million to build the world’s first electric and autonomous container ship.

“On the way to a low-emission society, transport emissions must come down to almost zero. To achieve that, we need projects that can transform the market – projects that have the potential to pave the way for others and increase the pace of change in their sector. This is exactly what we believe the world’s first autonomous and all-electric container ship will do, says Nils Kristian Nakstad, CEO of Enova.

Green shipping is the future

In parallel with the construction of Yara Birkeland, Yara has initiated the development of green ammonia as an emission-free fuel for shipping, through the newly started Yara Clean Ammonia.

“Renewable energy was our starting point in 1905. Now, ammonia can bring us back to our roots. Our large shipping network and existing infrastructure means that ammonia has the potential to become the leading fuel for long-distance shipping globally,” says Magnus Krogh Ankarstrand, CEO of Yara Clean Ammonia.

As the world’s largest producer of fertilizers, Yara relies on ammonia to make fertilizer, and to help feed an ever-growing population. At the same time, current ammonia production represents 2 per cent of the world’s fossil energy consumption. This corresponds to about 1.2 percent of the world’s total greenhouse gas emissions.

“As the world’s largest producer of ammonia, Yara has launched an offensive plan of international scale, both to remove current emissions and to establish the production of new, clean ammonia,” says Ankarstrand.

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Container Shipping Lines

NYK introduces its carbon neutral initiatives at International Symposium

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NYK introduces its carbon neutral initiatives at International Symposium on clean fuel ammonia. Image: NYK Line
NYK introduces its carbon neutral initiatives at International Symposium on clean fuel ammonia. Image: NYK Line
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NYK participated in an international symposium on clean fuel ammonia held at Japan’s National Museum of Emerging Science and Innovation.

This event was organized by the Clean Fuel Ammonia Association. At this year’s symposium, the third of its kind, sessions and panel discussions were held under the theme “Toward Early Social Implementation of the Fuel Ammonia Value Chain” from the perspectives of “Current Status and Issues,” “Supply,” and “Utilization.”

From NYK, Tsutomu Yokoyama, general manager of the Green Business Group, took the stage in the “Utilization” session to explain the trend toward zero emissions in the shipping industry. He then introduced NYK‘s zero emissions initiatives and the development of ships equipped with Japan-made ammonia-fueled engines using the Green Innovation Fund.

In addition, Toshi Nakamura, NYK executive officer, participated in a panel discussion and deepened the discussion among international organizations, industry groups, and companies on the efforts and challenges to establish a fuel ammonia value chain.

NYK announced the NYK Group ESG Story, which aims to further integrate ESG into the company’s management strategy. In particular, NYK considers the reduction of GHG emissions to be an important issue and is working to create new green businesses through various research projects aimed at decarbonization. To strongly promote ESG management, the NYK Group will encourage new value creation as a sustainable solution provider through a business strategy that responds to climate change.

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CMA CGM to acquire one of the largest port terminals in the United States

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CMA CGM to acquire one of the largest port terminals in the United States. Image: CMA CGM
CMA CGM to acquire one of the largest port terminals in the United States. Image: CMA CGM
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The CMA CGM Group, a world leader in shipping and logistics, has signed an agreement to acquire 90% stake in the Fenix Marine Services i.e., FMS terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of USD 2.3 billion. Currently holding a 10% stake in the terminal, CMA CGM will become sole owner of the FMS facility post transaction closing.

State-of-the-art infrastructure at the heart of one of the world’s largest port regions

FMS is the third-largest terminal in the Los Angeles/Long Beach port area in terms of capacity (around 2.5 million TEU) and one of the largest in North America. The terminal also benefits from a long-term concession agreement (through 2043).

The FMS terminal has a strategic deep-water location and boasts first-class infrastructure:

  • 4 berths, each more than 1,000 feet long and with a draft of 50 feet,
  • 16 cranes, 8 of which are capable of serving very large ships,
  • 8 rail tracks located within the terminal, ensuring first-class rail connectivity,
  • a 292-acre container yard,
  • more than 700 reefer plugs with 24/7 reefer monitoring.

A major investment to support the Group’s customers and their business

After closing, the CMA CGM Group will take over the operations of this strategic industrial facility with a goal of improving its service quality to better deliver upon its customers’ expectations.

As part of its plan, the Group will accelerate FMS’ development with significant investment in the coming years:

  • extension of the container yard to increase the terminal’s capacity in a staged approach,
  • expansion of the terminal’s rail capacity in order to create one of the largest rail infrastructures in the United States,
  • construction of a new berth,
  • continuation of the terminal’s digital transformation.

By early 2022, the FMS terminal will welcome the first CMA CGM liquefied natural gas-powered 15,000-TEU ships to be deployed on routes between Asia and the United States.

CMA CGM is looking forward to working as terminal operator with FMS’ experienced teams and to welcoming them into the broader family of CMA CGM terminals.

The closing of this transaction remains subject to the approval of the competent regulatory authorities.

HSBC Continental Europe acted as financial adviser and Willkie Farr & Gallagher as legal counsel to CMA CGM Group for this transaction.

CMA CGM, a leader in Transpacific trade

The CMA CGM Group is one of the largest carriers of containers on Transpacific routes, operating 24 services. It also offers specialized services (value-added services, EXX express service, APL services deploying U.S.-flag ships as part of the U.S. government’s Maritime Security Program, etc.) in the Los Angeles/Long Beach region.

Strengthening the Group’s position as a global port terminal operator

This major investment is consistent with the CMA CGM Group’s strategy of developing its terminal business while supporting the growth and efficiency of its shipping lines, and increasing service quality for its clients, in a context that requires a comprehensive approach to the supply chain.

With this acquisition, funded from its own resources, CMA CGM is bolstering its position as a global port terminal operator. Currently, the Group has investments in 49 port terminals in 27 countries, through its two subsidiaries CMA Terminals and Terminal Link (joint venture).

Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, said: “The swift recovery of the global economy has demonstrated the importance of ports and logistics infrastructure. In order to manage efficiently our port operations on the West Coast of the United States, we have decided to acquire Fenix Marine Services. Fenix Marine Services is one of the largest terminals in this country and one of its most strategic gateways. It is a key industrial facility which will significantly strengthen our position and support our rapid growth in this market.”

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