World News
K Line Acquires Wind-Assisted Propulsion Firm Airseas
Japanese shipping firm K Line has acquired wind-assisted propulsion company Airseas.
The shipping company acquired Airseas as of February 15, it said in a statement on its website on Friday.
K Line has established a new unit, Oceanicwing SAS, to develop and commercialise the Seawing automated kite system.
The firm had previously ordered the Seawing system for several of its vessels.
"'Seawing' is expected to reduce CO2 emissions from vessels by approximately 20%," K Line said in the statement.
"By synergy with fuel conversion, such as using liquified natural gas (LNG) instead of conventional heavy fuel oil, 'Seawing' is also expected higher performance of CO2 reduction.
"'Seawing' harnesses natural wind power and can be installed on any type of vessel, including existing ones, to all vessels. No energy production or supply facility is required."
Wind-assisted propulsion systems are gaining in popularity in the shipping industry as a means of cutting bunker consumption and GHG emissions. The systems are likely to become more widespread once shipping companies start to take on much more expensive alternative bunker fuels, making energy-saving systems more profitable.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
Popular Now More
-
May 16The ISO 8217 specifications last had a new full version published in 2017. -
May 16The company is targeting 30-50% growth from this level of traded volumes in 2024, and in Q1 already saw 35% growth from the same period a year earlier, an Oilmar representative tells Ship & Bunker. -
May 16The first real data are starting to emerge on the cost paid by the container industry for shipping's inclusion in the European Union's emissions trading system.