Deltamarin and other industry leaders join forces in LNG-powered bulk carrier design
2015-10-21
Ce communiqué de presse a été publié le 19 octobre 2015, par Deltamarin Ltd.
[en anglais seulement]
Deltamarin, Arista Shipping, ABS and GTT announce Project Forward, a joint development project to equip the dry bulk carriers of the future with LNG propulsion.
The project, led by Athens-based bulk carrier owner Arista Shipping, began officially in May this year. The aim is to develop a commercially feasible LNG-powered dry bulk carrier design capable of complying with International Maritime Organization’s Energy Efficiency Design Index 2025 standards, NOx Tier III and Marpol Annex VI SOx emission levels.
“Project Forward aims to become a milestone for the shipping industry and in particular for owners and operators of cargoships,” says Arista Shipping Principal Alexander P. Panagopulos. “Owners must decide within the next 5-10 years whether gas as fuel is a practical means of compliance with lower emissions standards and this project will enable all of us to understand its feasibility.”
The concept design will be based on the highly-optimised Deltamarin B.Delta design suitable for ships between 82,000 and 210,000dwt. It will employ GTT’s membrane-type LNG tanks for fuel containment. “Compliance with stricter environmental regulations has led owners to consider the potential of using LNG as fuel for cargo vessel newbuildings,” states Deltamarin Managing Director Mika Laurilehto. “There is a clear need to turn this potential into a proven solution for the dry bulk carriers that make up such a large proportion of the world fleet.”
Equally important, the project will also address the existing dry bulk fleet by developing a modularized LNG fuel retrofit solution for bulk carriers of various sizes. ABS will conduct concept and detail design approvals according to its rules for bulk carriers and gas-powered ships. “ABS has gained valuable insights from real-world experience classing the world’s first deepsea ships powered by LNG,” says ABS Vice President of Global Gas Solutions Patrick Janssens. “Our work with owners, designers and shipyards on LNG as fuel and LNG-ready projects brings unique value to Project Forward in enabling the safe adoption of this new fuel type.”
Project Forward will include a number of stages, with a first time horizon of two years’ applied research and development work. Initial research indicates that the expected emission reductions from Project Forward could be 40% for CO2, 80% for NOx and 98% for SOx.
« It is time for the shipping industry to move forward and embrace the potential of gas-fuelled merchant ships,” says GTT Vice President LNG as Fuel division Jacques Danton. « At this time, we can recognize market leaders launching LNG projects now in order to be the first on the learning curve. During the ramp up phase of LNG as fuel, autonomy will be a key feature for integrated solutions as provided by membrane technology”.
About Deltamarin:
Deltamarin is a ship design, offshore engineering and construction Group operating in the marine and offshore industries worldwide. Its services include the full range of consulting, design and engineering as well as procurement, construction and installation. The Group employs around 350 experts in its own and associated companies located in Europe and Asia. Deltamarin is a subsidiary of AVIC International Maritime Holdings Limited.
www.deltamarin.com
About ABS:
Founded in 1862, ABS is a leading international classification society devoted to promoting the security of life and property and preserving the natural environment through the development and verification of standards for the design, construction and operational maintenance of marine and offshore assets.
www.eagle.org
About Arista Shipping:
Arista Shipping is driven by values stemming from its rich heritage of maritime tradition and innovation, maintaining the culture and principles established with the launch of Royal Cruise Line in 1972, Magna Marine in 1990 and Superfast Ferries and the Attica Group in 1993. Arista’s management team has a broad knowledge and experience of shipping markets and subsectors and enjoys a solid reputation across the maritime cluster.
www.aristashipping.com
About GTT:
GTT (Gaztransport & Technigaz) is the world leader in cryogenic membrane containment systems used for the transport and the storage of LNG (Liquefied Natural Gas). For over 50 years, GTT has offered to its customers technologies which allow them to optimize storage space and reduce the construction and operation costs of ships or tanks equipped with these systems. GTT operates in several sectors: LNGCs (Liquefied Natural Gas Carriers) and VLECs (Very Large Ethane Carriers), Multi-gas carriers, FLNGs (Floating Liquefied Natural Gas units), FSRUs (Floating Storage and Regasification units), onshore storage tanks and the use of LNG as a fuel.
GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is included in SBF 120 and MSCI Small Cap indices.
Media Contact: press@gtt.fr / +33 1 30 23 20 41
Investor Relations Contact:Information-financiere@gtt.fr / + 33 1 30 23 42 26