Day: May 27, 2024

  • MOL Expands Wind Propulsion Fleet to Boost Green Shipping Initiatives

    MOL Expands Wind Propulsion Fleet to Boost Green Shipping Initiatives

    Mitsui O.S.K. Lines, Ltd. has announced a significant expansion of its wind propulsion capabilities. The companies plan to install wind propulsion systems, including the innovative Wind Challenger, on seven new bulk carriers and multi-purpose vessels operated by MOL Drybulk. This decision follows the successful performance of the Wind Challenger on the vessel Shofu Maru, which demonstrated a reduction in daily fuel consumption by up to 17%.

    MOL Group’s fleet will now include a total of 11 vessels equipped with wind propulsion systems, with nine of these featuring the Wind Challenger. The seven new vessels comprise six bulk carriers, each outfitted with one Wind Challenger sail. Contracts have been signed with Oshima Shipbuilding Co., Ltd. for three of these vessels, with preparations underway for the remaining three. Additionally, one new multipurpose vessel will be equipped with two Ventfoils, a foldable and autonomous wind-assisted propulsion system manufactured by EconoWind B.V., scheduled for delivery in 2025.

    Breakdown of 7 vessels to be equipped with wind propulsion systems:

    Ship typeNo. of
    vessels
    Wind-assisted propulsion system
    to be installed
    GHG reduction rate
    (annual average)
    StatusScheduled delivery
    Bulk carrier31 Wind Challenger per vessel
    (+ installation of multiple rotor sails is under consideration)
    About 7%-16%/vessel depending on route, conditions, etc.
    (about 15%-28% when 3 rotor sails are used together)
    April 5, 2024
    Construction contract has been signed
    2nd half of 2026 – 1st half of 2027
    Bulk carrier31 Wind Challenger per vesselAbout 7%-16%/vessel depending on routes, conditions, etc.Construction contract negotiations underway2027 – 2028
    Multi-purpose vessel12 Ventfoils per vesselAbout 2% per vesselOctober 2024
    Charter contract to be signed
    January 2025

    This initiative is a part of MOL Group’s “Environmental Vision 2.2,” which aims for net zero greenhouse gas (GHG) emissions by 2050. Key strategies include the introduction of clean energy and further energy-saving technologies. MOL plans to have 25 vessels equipped with the Wind Challenger by 2030 and 80 by 2035, contributing to the reduction of GHG emissions both within the company and across society.

    The Wind Challenger, developed by MOL and Oshima Shipbuilding, utilizes telescoping hard sails to convert wind energy into propulsive force. Expected annual reductions in fuel consumption and GHG emissions for the six vessels equipped with the Wind Challenger are estimated to be between 7-16%. Further reductions, averaging 15-28% per year, are anticipated with the combined use of the Wind Challenger and the Rotor Sail system, produced by Anemoi Marine Technologies.

    The Ventfoil system enhances propulsion by adjusting sail direction and utilizing an internal air intake system to amplify thrust, making it an effective solution for multipurpose vessels transporting diverse cargoes.

    MOL Group’s commitment to environmental sustainability is evident in their proactive approach to integrating advanced wind propulsion technologies. Through these efforts, the company aims to lead the maritime industry toward a greener future.

  • DNV assists Philippine battery energy storage project through to commercial operation

    DNV assists Philippine battery energy storage project through to commercial operation

    Consultants in the Singapore and Philippine offices of DNV, the independent energy expert and assurance provider, have assisted SN Aboitiz Power Group in the development of a battery energy storage system (BESS) facility co-located with the Magat Hydroelectric Power Plant at Ramon, Isabela in the Philippines.

    DNV provided owner’s engineering services to SN Aboitiz Power Group (SNAP), a joint venture between Scatec and AboitizPower for the stationary-type BESS intended for use in frequency regulation and balancing services. The system rated at 24MW/32MWh at the point of interconnection entered commercial operation in the reserve market in January.

    Co-located with SNAP’s hydroelectric plant, the storage system uses liquid-cooled lithium-ion batteries and is connected to the grid via a 230- kV power transformer. The Magat reservoir at Isabela is also home to SNAP’s the 200-kWp pilot floating solar project.

    As SNAP’s technical advisor, DNV conducted a feasibility study on the project and provided support  during the bid evaluation and contract negotiation. In addition, DNV’s work scope included technical design reviews, factory and site inspection, witnessing and producing reports in both the pre-and final commissioning phases.

    While the Philippines has not yet explicitly communicated a net-zero target, it has set out plans to transition towards renewable energy.  The Government’s renewable energy roadmap is targeting a 35% share of renewable energy in the country’s power generation mix by 2030. With BESS technology expected to support the Philippines’ energy transition plans, SNAP’s Magat facility in particular will enhance power-grid flexibility, mitigate power fluctuations, and optimize energy distribution.

    Energy storage systems pave the way toward a sustainable energy future

    Energy storage systems are expected to play a critical role in the Philippines, offering these benefits:

    • Supporting growing energy demand: By 2045, the Philippine population is estimated to reach 142 million, corresponding to an annual growth rate of 1.21 percent—more than double the average growth rate in Asia. Consequently, the country faces heightened energy demand due to its rapidly expanding population. Energy storage will play a crucial role in maintaining a stable grid by balancing supply and demand.
    • Enhancing grid stability and resilience with the integration of renewables: When renewable energy sources are integrated into the grid, BESS buffer power fluctuations, regulate frequency, and provide backup during emergencies, ensuring a reliable and sustainable energy supply.
    • Bolstering decarbonization goals: The Philippines is a signatory to the Paris agreement and is committed to reducing greenhouse gas emissions. Energy storage facilitates the integration of renewable energy, supporting the transition to a cleaner energy mix.

    “We are delighted to have worked on SNAP’s project that sets a precedent for innovative solutions driving the energy sector transformation and resilience in the Philippines,” said Brice Le Gallo, Vice President and Regional Director APAC, Energy Systems at DNV. “As our region navigates the dynamic landscape of energy demand and sustainability, storage systems with batteries have emerged as a key pillar in the energy transition. By harnessing the power of stored energy, we unlock new possibilities: grid stability, seamless renewable integration, and enhanced energy security.”

    Alongside its work on energy storage projects for clients, DNV leads relevant industry initiatives. Its publicly available Battery Scorecard provides free insights into technology readiness, degradation, useful life, and safety of batteries for energy storage. The company recently launched a joint industry project that aims to drive the sustainability, reliability, and environmental responsibility of power transformers, a critical component of energy infrastructure.

  • RINA hits 800 million euros in 2023 revenue and unveils Strategic Plan aimed at 2 billion euros by 2030

    RINA hits 800 million euros in 2023 revenue and unveils Strategic Plan aimed at 2 billion euros by 2030

    The future of RINA will continue to be built on people. The strategic plan envisions an average annual employee growth of 8%, aiming to reach a global workforce of 10,000 by 2030.

    The shareholders’ meeting of RINA, the multinational inspection, certification and engineering consultancy group, approved the financial statement for the fiscal year ending 31 December 2023, showing net revenues of 797 million euros, up 10% compared to 2022 and 13% EBITDA. Net profit rose to 12.5 million euros.

    The figures confirm the growth rate of revenues and profitability seen in recent years, setting solid foundations for the next cycle, which will also benefit from the capital injection led by Fondo Italiano d’Investimento, RINA new shareholder.

    Thanks to a positive start of the year, RINA closed the first quarter of 2024 with a new order intake of approximately 310 million euros (in line with 2023 first quarter) and operating revenues of 210 million euros (+17% vs 2023 first quarter). Based on such results, the Company confirms the guidance for the year.

    Carlo LuzzattoCEO and General Manager of RINA, stated: “I’m delighted to have joined such an extraordinary team and humbled by the opportunity to lead my colleagues into the next growth cycle of RINA. As set out in our new strategic plan, over the next few years we aim at becoming more and more an essential reference point for our clients by supporting them with our broad-based knowledge and leveraging a unique ecosystem built on the continuous sharing of expertise, the cross-functional application of our technical know-how, and our ability to innovate across all sectors in which we operate. RINA’s commitment to innovation has been recently boosted by the launch of the “AI Factory”. The newly formed team of top-notch professionals will drive breakthrough developments of our services, enabling our customers to better read and anticipate the evolving and often challenging dynamics of the industries in which they operate and, therefore, succeed in achieving their business goals.

    To drive the next growth phase, RINA has launched a new strategic plan aimed at achieving 2 billion euros in organic revenues and 20% EBITDA by 2030. Further growth may be enabled by M&A. The Company, in fact, is currently active on the market, focusing on opportunities which may fuel the strategic streams highlighted in the new industrial plan. The capital recently injected by the new shareholders, along with their strong commitment to further support the Company in its growth trajectory provides important resources to be deployed in M&A opportunities.

    Ugo SalernoExecutive President of RINA, said: “I am very pleased to have had the opportunity to complete the operation which led to the entry of Fondo Italiano d’Investimento into our shareholding. The new shareholders have shown that they believe in RINA’s potential, supporting a new phase of development that will take place both organically and inorganically.

    RINA is actively expanding its brand presence in international markets, with a renewed focus on the United States, the United Kingdom, Latin America, and the Middle East, while continuing to invest in India and Asia, and reaffirming its leading position in Italy.

    The future of RINA will continue to be built on people. The strategic plan envisions an average annual employee growth of 8%, aiming to reach a global workforce of 10,000 by 2030.

    RINA’s strategic plan has identified several streams that will play a significant role in achieving the Group’s objectives:

    – Energy transition: RINA reaffirms its role as a partner, guiding companies through their energy transition by designing, supporting, and verifying the implementation of decarbonisation plans and initiatives, leveraging its extensive knowledge and the use of innovative technologies.
    – Integrated asset management: By leveraging the multidisciplinary competencies acquired from extensive knowledge and experience in various sectors – from energy to infrastructure, from shipping to real estate- the company is fast establishing itself as a benchmark for the management of facilities, infrastructure, and operations.
    – Smart compliance: Thanks to its strong historical position, RINA is at the forefront of the rapidly evolving Testing, Inspection & Certification (TIC) sector. The company is pioneering new compliance strategies, addressing technological advances and navigating the dynamic national and global regulatory landscape, including the latest developments in ESG and digital compliance.
    – Infrastructure & urban transformation: Over the years, RINA has developed specialised skills by playing a key role in numerous urban transformation projects, spanning infrastructure, transportation, real estate, and building refurbishment. The cross-disciplinary expertise at both national and international levels allows the Group to further assert itself in both large-scale public tenders and private sector projects.
    – New economies: In recent years, market segments characterised by advanced technical content and significant interdisciplinary challenges, including underwater, cybersecurity, aviation and space, have seen considerable increase. In each of these sectors, RINA traditionally provided highly specialised services to customers and, for this reason, is today ideally positioned to play a leading role in supporting the exponential growth of the relevant value chains.

    Source: https://www.rina.org/en/media/Press

  • North and Standard Club members approve creation of marine insurance major NorthStandard

    North and Standard Club members approve creation of marine insurance major NorthStandard

    Approval has been granted for the merger of North and Standard Club following separate member meetings that strongly endorsed the plan to create a leading global marine insurer and one of the largest providers of mutual cover in the maritime industry.

    Both clubs held special general meetings on May 27th, where members approved the proposal to combine the two organizations into a single mutual insurer.

    This approval paves the way for the establishment of North Standard, a unified club, by February 20, 2023, in time for the next renewal date. The merger is still subject to approval by the relevant regulatory authorities.

    global marine insurer

    The merger will form one of the largest providers of mutual cover in the maritime industry, with consolidated annual premiums of approximately US$750 million. With 300 years of combined P&I heritage, North Standard will unite some of the most respected expert teams in maritime risk management.

    “This is an excellent outcome and a significant milestone for our industry,” said Grose. “North Standard will be a major new force in marine insurance, providing the resilience members need from their P&I partners to navigate the challenges and competitive landscape of a changing shipping world. We are delighted that our proposal received such strong support from the members of both clubs.”

    “For the merger to proceed, it was critical to secure member recognition of the proposal’s positive outcomes for continued service excellence, as well as the opportunities brought by diversified product lines, scale economies, and global reach.” Grose emphasized that NorthStandard will combine two unique advocates of mutuality within the International Group of P&I Clubs, whose complementary cultures, ambitions, and approaches will work together to deliver added value for all members.

    “North members expressed overwhelming support for the merger based on the tangible benefits for shipowners that the consolidation will bring,” commented Jennings. “Members welcomed the proposal, recognizing that it would reinforce stability, strengthen competition in the P&I sector, encourage innovation, and drive further product diversification.

    “A larger organization will also attract and retain even more top talent to ensure that North Standard delivers the highest levels of service and support for members,” Jennings concluded.

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  • Cyprus Marine Club Holds Its 8th Annual General Meeting

    Cyprus Marine Club Holds Its 8th Annual General Meeting

    On Friday, May 26, 2023, the Cyprus Marine Club held its 8th Annual General Meeting at Epsilon, Limassol Marina. In the absence of President Capt. Eberhard Koch, the meeting was opened by Vice President Mr. Andreas Chrysostomou. General Secretary Ms. Julia Paczkowska presented the President’s Annual Report, updating members on recent developments, membership growth, past events, and future plans.

    Capt. Koch, in his report, expressed pride in the accomplishments of the 2022–2023 season and encouraged continued fellowship among members. He thanked members and board members for their support, highlighting the crucial role of annual sponsors such as the Cyprus Union of Shipowners, Island Oil Holdings, and OL Shipping Group.

    “Today, as every year, we all owe special acknowledgment to our sponsors, whose contributions have enabled us to achieve significant developments and opportunities to enhance your membership.”

    Special recognition was also given to the Board of Directors and speakers, including the immediate past Shipping Deputy Minister, Mr. Vassilios Demetriades, who praised the club’s contributions to the Cyprus shipping community.

    “I believe what this club offers to the Cyprus shipping community is invaluable. It brings everyone together to express views, concerns, and ideas. Congratulations on this great job, and consider me very active in this club from now on.”

    The meeting also welcomed a new corporate member, Internship Navigation, bringing the total membership to 153. This growth reflects the club’s positive trajectory.

    During the meeting, sponsors were invited to speak. Mr. Polys V. Hajioannou, representing Safe Bulkers, Inc. and the Cyprus Union of Shipowners, emphasized the importance of supporting the Cyprus Flag and Registry.

    “Cyprus has a vibrant shipping community, and it is our duty to support our shipping registry. Without a strong registry, there would be no reason for us to gather here or have offices in Cyprus. We need a strong voice in global shipping decisions.”

    Following Mr. Hajioannou, additional short addresses were made by Mr. Michalis Hadjistylianou of OneNovation, Mr. Sunil Kapoor of FML Shipmanagement, Mr. Andreas Christophides of Lapwings Maritime, and Mr. Andreas Chrysostomou of Tototheo Maritime.

    After the speeches, the Vice President concluded the agenda of the 8th Annual General Assembly successfully. Special thanks were given to the entire PNS team for their flawless organization.

    The evening ended with a beautiful cocktail reception and a rich buffet by the sea, enjoyed by the club members late into the evening.

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  • Discover the Beauty of Aland, A Perfect Summer Destination

    Discover the Beauty of Aland, A Perfect Summer Destination

    Estonia, Aland and Stockholm are attracting Finnish holidaymakers this summer too. Familiar destinations offer travellers many new and exciting things; we’ve compiled a list of the hottest tips from travel agencies.

    Viking Line’s booking figures indicate that nearby areas such as Estonia, Åland and Sweden will be especially popular with Finns this summer. Mariehamn and Stockholm are easy to get to by boat and have traditionally been popular summer destinations. People can easily continue their summer travels from there to places farther away, and this year, travellers are drawn not just to the two capital cities but also elsewhere in these neighbouring countries to a greater extent.

    “The trend is for people to travel locally, but for a longer period. When it comes to holidays nearby, people also invest in good food and experiences. We can see this on board our vessels. For many people, a sea voyage is one part of their local travels that they really look forward to—perhaps even the highlight of their summer. For instance, Viking Cinderella, which is back in service on the Helsinki route, is attracting travellers, while many still want to experience the new Viking Glory vessel,” says Viking Line’s Commercial Director, Minna Tuorila.

    Åland inspires visitors with a popular film and golf

    “The film Stormskärs Maja, which has been a big hit, has clearly increased interest in Åland for Finns, and many want to experience the unique landscape in the film. Golfers also travel to Åland, – the seaside Slottsbanan was recently named Finland’s best golf course. I’m convinced we have a busy summer ahead of us on the Mariehamn route,” says Minna Tuorila.

    Viking Line’s two climate-smart vessels, Viking Glory and Viking Grace, depart from Turku for Åland in the morning and evening. For people who want to travel to Åland during the summer season, it’s a good idea to book well in advance since, while the island offers many accommodation options, capacity is limited.

    Double capacity to Estonia during peak summer

    Meanwhile Estonia—not just the city of Tallinn – is increasingly part of Finns’ holiday plans. Finns who sail across the Gulf of Finland no longer just stop in Tallinn. A growing number choose Estonia’s summer capital Pärnu or Tartu, a 2024 European Capital of Culture, as their destination. Many then continue on from Estonia to Latvia, Lithuania or all the way to Central Europe.

    “In order to provide space for everyone who wants to sail, we will double our capacity during peak summer. We have three daily departures to Tallinn, and four on Friday. Our big cruise ships, Viking Cinderella and Viking Gabriella, will make additional sailings, alternating in service every other day on the Tallinn route,” explains Minna Tuorila.

    International tourists interested in Finland

    Based on booking figures, Viking Line predicts that the number of international passengers will increase significantly this summer.

    “After a couple of quieter years, Finland is drawing tourists again, and in particular, many people from Central Europe travel on the Helsinki routes to enjoy the Turku archipelago. Finland is no longer considered to be as expensive as before, and with the country now a member of NATO, our security situation has improved in the eyes of Europeans,” says Minna Tuorila.

    Frontrunners for favourite destinations

    We’ve put together a list of the best tips from different travel agencies for summer destinations by boat.

    Aland TOP 3

    1. Stormskars Vardshus is a restaurant and the childhood home of Anni Blomqvist, the well-known writer of the classic Stormskärs Maja novels, and is located on the island of Simskäla. There are also cabins in the Åland islands where people can live on their own islet, like the character Stormskärs Maja.
    2. Slottsbanan golf course was named Finland’s most beautiful as well as best planned and maintained golf course in 2024. Åland is continuously being developed as a golf destination.
    3. Kobba Klintar Pilot Station is a popular attraction located 10 minutes from Mariehamn and is open to visitors every day during the summer. On the island, there is a pilot’s cabin from 1862 and a pilot’s house built in 1910.

    Stockholm TOP 3

    1. Fjäderholmarna is a group of islands just outside Stockholm, located 20 minutes by ferry from the city centre. There are idyllic small shops here as well as the popular restaurant Fjäderholmarnas krog.
    2. Rosendal Palace on the island of Djurgården is a beautiful palace built in the European Empire style for King Karl XIV Johan. Rosendal fascinates visitors with its architecture and interiors, but also its lovely garden.
    3. Hammarbybacken offers activities for daredevils of every age. Children will be excited by the climbing tower, summer skiing on a grass slope or mountain tubing, riding in a giant inflatable ring.

    Tallinn TOP 3

    1. Tall Ships Races Festival brings together tall ships from around the world to compete on the Baltic Sea in July. During the weekend, people can also admire historical sailing ships and enjoy a varied programme on the seashore.
    2. Seaplane Harbour (Lennusadam), part of the Estonian Maritime Museum, underwent renovation before re-opening in mid-May. The museum now serves families even better than before. For example, a brand-new experience area for children ages 1–3 is now open.
    3. The exhibit The Mystery of Banksy – A Genius Mind features the production of the iconic social critic and British street artist Banksy. The collection, consisting of 150 works, is on display at the pop art museum PoCo starting July 5.

    Estonia TOP 3

    1. Muhu and Saarenmaa are two islands in western Estonia that are popular with tourists. On Muhu, there is a vineyard run by the Finn Peke Eloranta as well as beautiful Pädaste manor house. Vilsandi National Park is known for its wild orchids and seals.
    2. Tartu is the oldest city in the Baltic countries, with deep roots in European culture and the history of science. The Estonia National Museum is also located in Tartu, which is a 2024 European Cultural Capital.
    3. Eastern Estonia attracts visitors with its nature, culture and history. The new theme routes created especially for Finns run past beautiful nature spots and cultural attractions from the Gulf of Finland to Lake Peipus. Another new destination is the Aidu watersport centre, which opens in May.

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  • NYK Begins First Long-Term Biofuel Test Run on Large Crude Oil Tanker

    NYK Begins First Long-Term Biofuel Test Run on Large Crude Oil Tanker

    Nippon Yusen Kabushiki Kaisha (NYK) has initiated a long-term biofuel test on its very large crude oil tanker (VLCC) Tenjun. The vessel, which first received biofuel in Singapore, will use this fuel for approximately three months. This trial aims to thoroughly verify the safe and stable procurement of biofuel for extended use.

    While NYK has previously conducted numerous short- and long-term biofuel safety trials on bulk carriers, car carriers, and liquefied petroleum gas (LPG) carriers, this marks the first time an NYK-operated VLCC is undergoing a long-term biofuel trial.

    Biofuels are produced from organic resources (biomass) such as agricultural residues and waste cooking oil. When combusted, biofuels are considered to have virtually zero carbon dioxide (CO2) emissions. Since they are compatible with heavy-oil-powered ship engines, which are common on large merchant ships, biofuels are seen as a crucial step in reducing greenhouse gas (GHG) emissions during the transition from heavy oil to zero-emission fuels.

    NYK

    Vessel Particulars

    • Length: 330.00 meters
    • Width: 60.00 meters
    • Gross Tonnage: 159,927 tons
    • Deadweight Tonnage: 302,108 tons
    • Year Built: 2008
    • Shipbuilder: IHI Marine United Shipbuilding Corporation (Kure City, Hiroshima Prefecture)

    Biofuel

    Biofuels, refined through the methyl esterification of vegetable oils, are expected to serve as an alternative to petroleum-derived heavy and light oils. Although biofuels emit CO2 during combustion, the CO2 absorbed by plants during their growth offsets these emissions. This balance renders the CO2 emissions from biofuel combustion virtually zero, positioning biofuels as a carbon-neutral substitute for fossil fuels.

  • EMSA-led Multipurpose Maritime Operation launched

    EMSA-led Multipurpose Maritime Operation launched

    In the English Channel and the southern North Sea, a multipurpose marine operation is presently in progress, coordinated by the European Fisheries Control Agency (EFCA), the maritime authorities of Belgium and France, and the European Marine Safety Agency (EMSA).

    Initiated at the request of the Belgian and French maritime authorities, this operation aims to enhance various coast guard functions until September 13, 2024. EMSA will provide comprehensive support for maritime safety, search and rescue, maritime surveillance, environmental protection, and response to maritime accidents and disasters. In partnership with EFCA, the operation will also focus on fisheries inspection and control.

    EMSA’s Integrated Maritime Services will deliver real-time maritime monitoring of all vessels in this heavily trafficked region, utilizing advanced algorithms to detect vessel movement patterns. This effort is coordinated from EMSA’s dedicated operations center in Lisbon.

    Participating Member States can request satellite imagery from EMSA’s CleanSeaNet service, which offers continuous oil spill monitoring and pollution detection using synthetic aperture radar (SAR) images. This service is further enhanced by optical satellite imagery from Copernicus Maritime Surveillance.

    EMSA

    EMSA is deploying its remotely piloted aircraft service (RPAS) for regional operations, capable of functioning in the airspace of both Belgium and France, and operating from the Gris-Nez Maritime Rescue Coordination Centre (MRCC) in the Pas-de-Calais Department, France. Additionally, EMSA’s Remotely Operated Vehicle (ROV) service will be available for underwater surveys.

    A Multipurpose Maritime Operation (MMO) is a coordinated activity within a specific maritime area, conducted over a defined period to support national authorities in performing coast guard functions at national, Union, and international levels. MMOs involve at least two coast guard functions, managed by multiple agencies, and can be initiated by Member States, EFCA, EMSA, or Frontex. The involved agencies may provide assets, services, or experts, supplemented by contributions from the Member States.

    The French authorities participating in this operation include the Secretariat General of the Sea, the La Manche and North Sea Maritime Préfecture, and the Directorate-General for Maritime Affairs, Fisheries and Aquaculture.

  • ScanOcean Partnership Advancing Sustainable Operations in the Marine Fuel Industry

    ScanOcean Partnership Advancing Sustainable Operations in the Marine Fuel Industry

    Lakeway Link AB has announced a strategic partnership with ScanOcean AB, a leader in renewable marine fuel solutions, to advance its sustainable operations. This collaboration introduces B15-DMA, a marine fuel containing 15% renewable content, for Lakeway Link’s new roll-on/roll-off (ro-ro) service between Sodertalje, Sweden, and Gdynia, Poland.

    Under this agreement, ScanOcean AB will supply B15-DMA fuel, which meets the stringent ISO 8217 compatibility standards and carries ISCC-EU certification. This fuel not only aids in reducing greenhouse gas emissions as required by the EU ETS obligations but also significantly improves the Carbon Intensity Indicator (CII) and Clean Shipping Index (CSI) scores for vessels. Additionally, it aligns with the upcoming FuelEU Maritime regulations.

    Deliveries of B15-DMA will commence in Södertälje, Sweden, for the M/S Lakeway Express, marking the start of this innovative fuel’s usage. This partnership highlights both companies’ dedication to environmental sustainability beyond mere compliance.

    ScanOcean

    Fredrik Hermansson, CEO of Lakeway Link AB, remarked, “Partnering with ScanOcean AB and adopting B15-DMA fuel is a crucial step in reducing our environmental footprint. This initiative not only supports our sustainability goals but also sets a new standard for environmental responsibility in the maritime industry.”

    Jonatan Karlstrom, Managing Director of ScanOcean AB, added, “We are excited to partner with Lakeway Link AB as they launch their new ro-ro service. This collaboration is a significant milestone in our mission to provide sustainable fuel solutions. With our new product offerings, we are committed to leading the maritime industry towards a greener future.”