Tag: energy transition

  • Auramarine Wins Methanol Fuel Supply System Order For Pioneering Mein Schiff 7 Cruise Vessel

    Auramarine Wins Methanol Fuel Supply System Order For Pioneering Mein Schiff 7 Cruise Vessel

    Auramarine Ltd., the leading fuel supply systems pioneer for the marine, process and power industries, has announced that it has won an order from Meyer Turku Shipyard for a methanol fuel supply system and associated equipment for the luxury Mein Schiff 7 cruise vessel owned by TUI Cruises.

    Auramarine’s equipment deliveries began in 2023 and continued over the spring of 2024. Sea trials were conducted in May 2024, and the vessel is scheduled for delivery over the summer of this year. The newbuild is the first of its kind in the maritime industry and aligns with TUI Cruises’ sustainability strategy of offering the first climate-neutral cruises by 2030. In conjunction with this, TUI Cruises’ fleet is reducing CO2 emissions by 27.5 percent in absolute terms by 2030.

    Mein Schiff 7 is a state-of-the-art vessel that prioritises sustainability and efficiency. With a length of 316 meters and a width of 35.8 meters, it can accommodate nearly 2,900 passengers and 1,000 crew members. The cruise ship’s operations will be powered by low-emission marine diesel oil, with a sulphur content of 0.1 percent and a shore power connection for almost zero-emission operation in port (which accounts for 40 percent of its operating time).

    Tapani Pulli, Deputy CEO at Meyer Turku, said: “With the building of Mein Schiff 7, TUI Cruises is setting new standards for driving sustainability and emissions reduction within the cruise market. As the first methanol-ready cruise vessel, having the right technology and infrastructure to successfully and safely deliver the new fuel is central to efficient and sustainable operations. Auramarine is pioneering the development of systems that meet the shipping industry’s requirements within the energy transition, and we are delighted to have them onboard, supporting Meyer Turku and our customers.”

    The Mein Schiff 1 vessel is identical to the Mein Schiff 7. Image provided by Meyer Turku.

    Auramarine’s methanol fuel supply system ensures the safe delivery of methanol from the service tank to the master fuel valve, regulating the flow, pressure and temperature of the methanol to meet the specific requirements of the engine. The system actively maintains the supply pressure within the specified tolerances during load changes and filters the fuel to prevent any impurities from entering the engine. As part of the order, Auramarine will supply the methanol bunker and transfer systems including the vital automation and safety systems that ensure safe and reliable operations. A gas detection system and a methanol bilge system are also included.

    “We have worked very closely with Meyer Turku throughout the development and design of this methanol fuel supply system for this project,” said John Bergman, CEO at Auramarine.

    “We have spent a significant amount of time, using our 50 years of experience, to bring to market new supply solutions that empower our customers to deliver on their sustainability strategies while meeting shipping’s decarbonisation targets. We are honoured that Meyer Turku and TUI Cruises have selected and entrusted us to deliver our methanol supply system and to play a part in the development of this pioneering cruise vessel.”

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  • 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

  • Bluestone Wins Major Contract for Two New Cable-Laying Vessels

    Bluestone Wins Major Contract for Two New Cable-Laying Vessels

    The Bluestone Group has secured a contract for plan approval and site supervision of two new cutting-edge cable-laying vessels operated by Prysmian, who is a world leader in the energy and telecom cable systems industry and is leading the way in energy transition and digital transformation. The contract acquisition follows Prysmian’s announcement in December 2023 of a €350 million investment to expand its cable-laying vessel fleet to facilitate the global power grid upgrade for the energy transition.

    The Bluestone Group is a trusted partner of Prysmian and is supervising the construction of another cable-laying vessel, Monna Lisa for the company. The two new cable-laying vessels, the first of which is under construction and the second under design, will reinforce Prysmian’s submarine project execution capabilities.

    The first vessel, which will be an evolution of Prysmian’s preceding vessel, Monna Lisa, is being built by the VARD Group, a subsidiary of the Fincantieri Group, one of the world leaders in the design and construction of specialised vessels for the offshore market.

    The vessel will be operational by the beginning of 2027.

    Bluestone will supervise the build of two new Prysmian cable laying vessels

    The second vessel will be an evolution of Prysmian’s Ulisse class, with a length of approximately 167 metres and a breadth of about 40 metres and will be equipped with carousels for a total cable loading capacity of 10,000 tonnes.

    Both vessels will have outstanding green credentials. They will be equipped with high voltage shore connection systems to power them with clean energy during loading operations, diesel generators suitable for biodiesel blends, and battery hybrid systems only for the deep-water-vessel, due to its specific activity.

    Bluestone will deploy two site teams for site supervision, a dedicated plan approval desk with subject matter experts and project management resources from the head office in Monaco.

    Plan approval and construction supervision will use the company’s proprietary software which gives owners greater control during the project and improves the way the site team engages with owners and the shipyard on plan approval and on-field inspections.

    Bluestone director Matteo Di Maio said, “We are honoured by the confidence once again placed in us by Prysmian. Our commitment to excellence drives us to continually enhance our team and software, enriching our newbuilding supervision services for our valued clients.”
    Source: Bluestone Group

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  • State-of-the-Art Ammonia Reforming Technology from Amogy Verified by ABS

    State-of-the-Art Ammonia Reforming Technology from Amogy Verified by ABS

    Ammonia-to-Electrical Power Promises Clean Energy Solution for Maritime Shipping

    (HOUSTON) ABS has issued New Technology Qualification (NTQ) for an innovative ammonia-to-electrical power system from Amogy.

    The Amogy ammonia-to-electrical power system splits, or “cracks,” liquid ammonia into its base elements of hydrogen and nitrogen, funneling the hydrogen into a fuel cell generating high-performance power. The technology represents a sustainable, clean energy solution tailored for industries such as maritime shipping and power generation.

    ABS assessed the integrated reactor system transforming ammonia into hydrogen resulting in pure hydrogen gas that can be utilized for fuel cells.

    “Amogy’s new technology is another example of the rapid development of innovation around alternative fuels for maritime use. Cracking ammonia to produce hydrogen for fuel cells is one that has the potential to accelerate the energy transition in the maritime industry, supporting global decarbonization goals,” said Patrick Ryan, ABS Senior Vice President and Chief Technology Officer.

    “We are honored to receive this Technology Qualification letter from ABS,” said Seonghoon Woo, CEO at Amogy. “This achievement marks a significant milestone on our path toward broader industry adoption of our technology, highlighting the safety, viability, and maturity of our ammonia-powered solution. We are excited to further collaborate with ABS as we advance through the new technology qualification process.”

    ABS NTQ services offer guidance and certification on early adoption and efficient implementation of new technologies – demonstrating level of maturity – and that potential risks have been systematically reviewed. Learn more here.

    ABS is leading the maritime industry in comprehensive decarbonization and sustainability solutions. Learn more here.

    Photo Caption (L to R): While attending the International Partnering Forum (IPF) in New Orleans, Anastasija Kuprijanova, Amogy Director of Maritime Business Development, and Keegan Plaskon, ABS Director of Business Development, met for a presentation of the ABS NTQ Statement of Maturity.

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