Betting on shore power
The drivers and challenges for cold ironing
Market Focus
- Portugal’s bunker market appears to have weathered the COVID-19 crisis and is now looking to capitalise on the coming generation of LNG-fuelled ships.
- Ian Taylor looks at bunkering in New Zealand and considers how the conversion of the Marsden Point refinery into an import terminal could affect the market.
Shore Power
- In this shore power focus, Lesley Bankes-Hughes talks to shipping stakeholders to provide a snapshot of the current drivers for the adoption of the technology in Europe – as well as the challenges to uptake.
- Marcus Martelin and Luca Imperiali of ABB talk to Lesley Bankes-Hughes about the ‘state of play’ for shore power provision in European ports.
- Cleantech company Cavotec sees port electrification – including shore power – as a growth sector. Lesley Bankes-Hughes asks Cavotec’s Lorène Grandidier if all the pieces of the puzzle are now in place for the provision of shore power to gain momentum at European ports.
Credit
- John Phillips of Awyr Las says now is the time for companies to undertake a review of credit processes that will serve them well in the return to a more financially supported market.
- The credit landscape for the marine fuel sector has altered in the past year – and more changes will be on the way. Søren Høll, CEO of KPI OceanConnect, sets out the key questions that companies should always ask of their counterparties.
Risk Management
- Jonathan Kornafel explains to Chris Thorpe how HedgePoint aims to fill the technology gap in fuel hedging.
- Managing energy price risks makes economic sense, especially when the most significant risks are to the environment. Global Risk Management explains how creating a sustainable future in shipping is central to its newly-launched business strategy.
Trade Finance
Digital trade finance specialist MODIFI explains how innovative funding sources can help small and medium-size bunker traders grow their business by accelerating payments between buyers and sellers.
Bunker Insurance
Paratus Maritime CEO and founder Gus Majed explains how bunker and freight price insurance policies offer an alternative to traditional hedging tools – and takes a look at how the fuel sector might evolve as shipping switches out of oil to new energy.
Maritime M&A
Cutting edge technological innovation is enabling shipping to deliver on its decarbonisation targets and, as Daniel Saunders and Mark Tooke of WFW explain, shipowners are also beginning to join the ranks of the ‘tech investors’.
Energy Transition
As momentum grows on shipping’s decarbonisation, traditional bunker players are having to consider how they will adapt to a new energy – and commercial – environment. Nicholas Browne of GAC Bunker Fuels explains how the company is responding to the sustainability imperative.
Decarbonisation
- Eastern Pacific Shipping is building its decarbonisation strategy through strong asset management, the use of technology and, as its CEO Cyril Ducau explains, a holistic alternative marine fuels programme.
- Ricardo’s Olivia Carpenter-Lomax and Nick Ash argue that shipping could be the unsung hero of climate action.
Fuel Blending
Innospec’s Dr Joseph Stark discusses the importance of understanding – and solving – issues with VLSFO throughout the fuel production and distribution system.
Cyber Security
Mark Sutcliffe, Managing Director of CSO Alliance, looks at the benefits that would follow from an improvement in cyber incident reporting – and the culture change required to achieve them.
