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February 5, 2017

January’s top stories: Norsepower to supply rotor sail solution, FSDEA to invest $180m in Angola

Norsepower has entered a deal to deliver its rotor sail solution to Viking Line, and Fundo Soberano de Angola (FSDEA) has unveiled plans to invest $180m for the development of a deepsea port in the region. wraps up the key headlines from January 2017.

By Prasanth Katam

Norsepower to supply rotor sail solution for Viking Line's LNG-fuelled cruise

Finnish propulsion systems company Norsepower entered a deal to deliver its rotor sail solution to Viking Line, making the shipping operator the first to have a global LNG/wind electric propulsion-hybrid vessel.

The rotor sail technology will be installed onboard the LNG-fuelled cruise ferry M/S Viking Grace currently operated by Viking Line between Turku, Finland, and Stockholm, Sweden.

The 57,565t vessel is expected to reduce its carbon emissions by approximately 900t, as well as lower fuel burn and costs as a result of the solution's installation.

FSDEA to invest $180m to build deep-sea port in Angola

Angola's sovereign wealth fund Fundo Soberano de Angola (FSDEA) unveiled plans to invest $180m into the development of a deep-sea port in the region.

The proposed investment is part of the FSDEA's $1.1bn infrastructure fund, and will facilitate construction of a 630m-long terminal linked to the shore via a 2km-long connection bridge as part of its first phrase.

The water depth of the terminal will be 14m, while the access channel will be 15m-deep.

AG&P to build new LNG import terminal in Andhra Pradesh port, India

Atlantic, Gulf and Pacific Company (AG&P) announced plans to design and build an LNG terminal at the port in Andhra Pradesh, India, as part of a newly signed memorandum of understanding (MoU) with Hindustan LNG (HLNG).

The agreement will see AG&P build all the required facilities for the import terminal such as a floating storage and mooring system, regasification terminal, and related utilities.

The deal's main objective is to supply tolled gas to power stations in the East Godavari region of Andhra Pradesh.

EU adopts new port services regulations for Europe

The EU council formally adopted a new set of regulations in a bid to increase the financial transparency of ports across Europe.

The newly sanctioned rules are designed to create clear and fair conditions for access to the European port services market.

They also aim to promote investment in ports, as well as improve the quality of services provided to port users and help reduce prices.

The regulations are intended to offer an easy way for new providers of certain port services to enter the market, and aim to reduce legal uncertainties for service providers and investors.

European bankers to provide £200m loan for Port of Dover's docks revival project

A consortium of banks from the UK and Europe agreed to provide a £200m loan to support the Dover Western Docks Revival project.

Consortium member Allianz Global Investors will offer a £55m private placement bond as part of the commitment, while RBS and Lloyds Bank agreed to each provide £35m in revolving credit facility.

An additional £75m loan will also be supplied by the European Investment Bank.

WinGD and Propulsion Analytics to develop new diagnostics system for diesel and dual-fuel engines

Switzerland-based Winterthur Gas & Diesel (WinGD) signed an agreement with Greece’s ship performance monitoring specialist Propulsion Analytics to jointly develop an improved diagnostics system for its two-stroke diesel and dual-fuel engines.

The collaborative project will develop software solutions for processing and evaluating data gathered from on-engine sensors.

The resulting data will then be processed in a digital controlling, monitoring and diagnostic systems.

Fincantieri wins new cruise ship deal from Carnival

Italian shipbuilding company Fincantieri signed a memorandum of agreement (MoU) to build two new cruise ships for US leisure travel company Carnival.

The proposed vessels will be built at Fincantieri’s two separate shipyards in Marghera and Monfalcone in Italy, and be deployed for Carnival’s Holland America Line and Princess Cruises brands.

The agreement includes production of a 99,500t ship for the Holland America Line and a 145,000t vessel for Princess Cruises.

Deliveries are expected to take place by 2022.

Boskalis secures €480m deal to develop port of Duqm in Oman

Netherlands-based Royal Boskalis Westminster (Boskalis) won a contract from the Special Economic Zone Authority Duqm (Sezad) to develop the port of Duqm in Oman.

The new €480m deal is subject to certain conditions as proposed by Sezad.

The contract's letter of intent includes the engineering, design, procurement and construction of a bulk liquid berth terminal to be constructed at the port.

Maranda consortium wins EU fund to develop marine fuel cell system

Maranda consortium that includes PowerCell Sweden (publ) secured funds from the EU to develop a new fuel cell system for marine applications.

The €3m fund has been granted under EU’s Fuel Cells and Hydrogen 2 Joint Undertaking programme.

A prototype in the 20kW-100kW range is to be developed based on the PowerCell S3 system and will be designed to use pure hydrogen as fuel. 

The new system will be integrated and tested in various marine environments.

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