Carbon War Room Wants a Guinea Pig

By MarEx 2015-09-08 00:21:54

Carbon War Room (CWR) has issued a request for proposals (RFP) to shipowners or charterers for a grant that will help finance a single-vessel retrofit with a bundle of proven technologies. The retrofit will result in a minimum fuel savings of 10–15 percent.

Up to $200,000 will be granted by CWR to fund the installation of continuous monitoring equipment. CWR will also commission independent, third-party analysis of the collected data, which will verify the benefits of the multi-technology retrofit and provide a proof of concept for the entire industry.

CWR analysis of over 100 existing ships has shown that vessels can achieve efficiency gains of at least 10–15 percent by retrofitting with a bundle of proven energy efficiency technologies. These include advanced hull coatings, ducts, fins and new propellers. This builds on a previous report by CWR, Hidden Treasure – Financial Models for Shipping Retrofits, which explored a viable financing model whereby repayment is tied directly to fuel savings.

The grant will cover a portion of the total retrofit bundle, with at least 50 percent of the remaining technology costs to be financed by a third party. This project is funded by the Dutch Postcode Lottery, which recently awarded €1,000,000 ($1.1 million) to Rocky Mountain Institute and CWR to expand their efforts in the shipping industry.

Leading industry banks, including HSH Nordbank and KfW IPEX Bank, have confirmed that more efficient vessels enjoy better marketability, greater revenue potential, and a more attractive risk profile for financiers and shipowners. In consequence, the technology bundle will yield economic benefits in the long-term too, positioning the vessel for financial gains beyond the immediate $200,000 award.

This project gives shipowners and charterers the chance to capitalize on market trends, gain a competitive advantage, and provide leadership for the maritime industry, says CWR.

Victoria Stulgis, Senior Associate, Carbon War Room commented: “This is an opportunity to highlight the savings from a technology-bundle approach through analysis of real, operational data. We’re excited to work with a forward-thinking owner or charterer to deliver a model that can be easily scaled across the industry, save money, and reduce emissions at the same time.”

Owners or charterers that are interested in the project should download the full application particulars from and submit all necessary information via email to James Mitchell at Carbon War Room ( by October 19.


Record Number of Cruise Ships Sailing Down Under

By MarEx 2015-09-07 17:36:41

Australians’ passion for cruising has fuelled the nation’s biggest ever summer cruise season, with a record flotilla of cruise ships sailing Down Under over the coming months – including many newcomers.

According to peak cruise industry body Cruise Lines International Association (CLIA) Australasia, 38 ships from its member cruise lines will sail in Australian waters this summer, with an unprecedented eight ships making their maiden visits to Australia. Over the 2014-15 summer cruise period, 36 CLIA member cruise ships visited Australia, including three ships making their inaugural visit.

CLIA Australasia Commercial Director Brett Jardine said the growth in maiden ship visits was another clear indicator of the surging popularity of cruising. “Cruise lines around the world are looking for new destinations and new homeports for their ships, and Australia is hot property right now,” Jardine said. “Not only do we have fantastic ports to visit and great weather, we also have a population that can’t wait to cruise, and that’s encouraging more cruise lines to send more ships our way.”

Jardine said the eight ships making their maiden visits this summer ranged from superliners to boutique-sized ships, providing a wide range of cruise experiences.

More than one million Australians took a cruise in 2014, with Australia leading the world in terms of growth in cruise passenger numbers and market penetration.

CLIA’s new cruise season statistics show that there will be 38 member cruise line ships cruising local waters over the peak summer cruise season which runs from the end of September through to April 30, 2016.

Between them, the ships will make more than 800 calls to Australian ports. The cruise season will kick off with the arrival of Princess Cruises’ Diamond Princess in Sydney on Thursday September 29, with the ship based in Sydney for a season of 14 cruises over summer.

The 2015-16 season will see Azamara Club Cruises make its first ever call to Australia with its ship Azamara Quest arriving in local waters in January 2016. Other ships making their Australian debut during the season include Costa Cruises’ Costa Luminosa, Holland America Line’s Noordam, P&O Cruises’ Pacific Aria and Pacific Eden, Ponant’s Le Soleal, Princess Cruises’ Golden Princess and Royal Caribbean’s Explorer of the Seas.

Across the country there will be 40 maiden port calls by cruise lines to a range of cities and regional towns from Lizard Island, Gladstone and Port Douglas in the north to Burnie and Hobart in the south, helping to spread the economic benefits of cruising across the country.

Jardine said 21 ships would make a total of 330 roundtrip cruises from Sydney, Melbourne, Adelaide, Brisbane and Fremantle over the 2015-16 summer, with these cruises expected to generate more than $300 million for the economy through passenger and crew spending, provedoring and associated port charges.

The visits are a significant increase on last year’s 253 roundtrip cruises.

The 38 ships sailing local waters this summer includes nine which are based in Australia year round, another 12 which will be deployed for all or part of the summer cruise season and 17 ships which will visit Australia. Between them they will carry hundreds of thousands of Australian and international tourists.

Jardine said highlights of the upcoming cruise season included P&O Cruises’ five-ship spectacular in Sydney on November 25, the deployment of Princess Cruises’ Golden Princess to Melbourne where it will take the mantle as the largest ship ever to be based in Victoria and Royal Caribbean’s first Brisbane season with Legend of the Seas sailing from the Queensland capital.


Three banks sign loan deal with IMC

The government-affiliated Japan Bank for International Cooperation (JBIC) and two private banks have signed a syndicated loan agreement worth USD120 million with Singapore-based major shipping firm IMC Holdings.
The agreement was signed on 4 September and the USD120 million loan will finance the