Port Wings Maritime Exim Weekly 23 June 2021 e-Paper

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Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741

Wednesday, June 23, 2021

8 Pages

Hapag-Lloyd Orders Another Six Ultra Large Container Vessels Of 23,500+ TEU Chennai

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Port Wings News Network apag-Lloyd has commissioned the South Korean shipyard Daewoo Shipbuilding & Marine Engineering to build six ships, each with a capacity of over 23,500 TEU. The container liner shipping company had already placed an order for six ships of the same size at the end of 2020. Thus, the fleet will be expanded by a dozen 23,500+ TEU ships in total. The large container ships will be outfitted with a state-of-the-art highpressure dual-fuel engine that will be extremely fuel-efficient. Their engine will operate on LNG, but the vessels will also have sufficient tank capacity to operate on conventional fuel as an alternative. Hapag-Lloyd is focusing on liquefied natural gas as a medium-term solution, as it reduces CO2 emissions by around 15 to 25 percent and emissions of

sulphur dioxide and particulate matter by more than 90 percent. Fossil LNG is currently the most promising fuel on the path towards zero emissions. The medium-term goal is to have ships that operate in a

climate-neutral way using synthetic natural gas (SNG). The six additional ships have been financed via a syndicated green loan in the amount of USD 852 million that has a maturity of 12 years from the date of delivery. The transaction was concluded in accordance with the Green Loan

Principles of the Loan Market Association (LMA) while also being verified by an independent expert in the form of a secondary party opinion of the DNV. The credit facility is being backed by the Korea Trade Insurance Corporation (K-SURE), and the syndicate consists of 10 banks. “With this investment in the additional newbuildings, we want to take another step in the ongoing modernisation of our fleet – in terms of both ship size and sustainability,” says Rolf Habben Jansen, CEO of HapagLloyd. “At the same time, we want to meet the persistently high demand and reduce our slot costs.” The vessels will be deployed on the Europe-Far East routes as part of THE Alliance and will thereby significantly boost Hapag-Lloyd’s competitiveness in this trade.

Indian Companies need to take advantage of Egypt’s geographical location to access the Europe, Middle East and Africa market New Delhi Port Wings News Network ndian Companies need to seriously consider the advantage of Egypt’s geographical location to access Europe, Middle East and Africa market. Egypt is a politically stable country and has a very liberal economy which has enabled Indian industry to invest more than USD

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3.15 billion in Egypt mentioned H.E. Mr. Ajit Gupte, Ambassador of India to the Arab Republic of Egypt with concurrent accreditation to the Arab League in the virtual inaugural session themed “India – Egypt Business Promotion, Challenges, and Opportunities” of the 3P Egypt International Expo 2021 being held from 15-16 June 2021.

While deliberating about the historic and bilateral relation shared between India and Egypt, H.E. Mr. Ajit Gupte mentioned that bilateral trade and export has been increasing between the nation in a calibrated manner. India has been Egypt’s one of the largest export destinations and one of the largest forces for Contd. on page -2

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Wing 7 Feather 45

Chennai

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Port Wings News Network collaborative research effort by the Hydropower Simulation Laboratory (HSL) of IIT Roorkee and Indian Maritime University, Visakhapatnam (IMU-V) has resulted in the development of an environmentfriendly and cost-efficient maritime transport solution, according to a news report in leading financial daily BusinessLine. India’s broad coastline witnesses the development of several new ports even as existing ports are expanded to meet increased volumes of marine traffic and facilitate future maritime trade. Such growing seaport infrastructure requires more Short Endurance Marine Vessels (SEMV) for effective port operations and administration. The usable life of a generic diesel-enginedriven SEMV is nearly 20 years, after which it is decommissioned. To realise sustainable solutions and reduce carbon footprint at Indian seaports, diesel-enginedriven marine vessels must be replaced with zero-emission electric vessels. In this collaborative research, HSL researchers adjusted the functioning of power sources (diesel-engine-driven induction generators and batteries) of the tugboats so that the load demand could be met while consuming the lowest possible amount of fuel. The research was funded by the Ministry of Ports, Shipping and

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IIT Roorkee, IMU Visakhapatnam Develop Fuel-Efficient Maritime Transport Solution

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Waterways. The Visakhapatnam Port Trust provided significant information related to the various types of marine vessels, their operational schedules and expected design feasibilities. HSL, in collaboration with IMU-V, is also working towards absolute battery-operated SEMV designs and high-efficiency faulttolerant marine electric powertrains to produce competent zero-emission SEMVs. As the global market for battery-driven electric vehicles expands, it is anticipated that the adoption of lithium-ion batteries with long life cycles would lead to the commercialiszation of absolute battery-operated SEMV. File Photo

Prof Ajit Kumar Chaturvedi, Director, IIT Roorkee, said: “This collaborative research by IIT Roorkee and IMU Visakhapatnam on the design and experimental validation of short endurance marine vessels has shown promising results. We intend to make it stronger so that it can empower our marine industry”. Thanga Raj Chelliah, Facultyin-Charge, Hydropower Simulation Lab, said, “The joint research effort of HSL and IMU-V has led to the achievement of a fuel-efficient maritime transport solution. The methodologies used in the research yielded significant results, providing fuel savings to the extent of 29.86 per cent. This endeavor proves that high-quality research can offer modern, effective, efficient and environmentally friendly business solutions.”

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RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Wednesday (23.06.2021)


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