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HANSA 09-2018

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Green & Efficient Future

Green & Efficient Future in the making at MAN Known as MAN Diesel & Turbo since 2010, the company has recently been rebranded. The new name and strategic alignment mark the future path for the engine manufacturer. Emissions reduction becomes a main focus The new branding MAN Energy Solutions represents a new vision. According to MAN, it embodies a strategic and technological transformation, a process the company had already begun back in 2017 by implementing its new strategy for the future: to expand its business with sustainable technologies and solutions such that they become its main source of revenue by 2030. This strategic realignment is supported by the expansion of MAN Energy Solutions’ product range to include hybrid, storage and digital service technologies. Uwe Lauber, Chairman of the Board, said: »System technologies that help our customers to increase the efficiency of their plants and reduce emissions are already a significant part of our business, and also lead the way to a carbon-neutral future. We will resolutely continue on this path of growth and increasingly become a supplier of complete solutions.« With the rebranding, the company is also taking a stand for the Paris Climate Agreement and the global pursuit of a carbon-neutral economy: »For the first time ever, the international community has set a climate target. We want to play our part in helping to achieve it,« said Lauber. »With our products and services, our activities have a significant impact on the global economy. In shipping, for example, we move more than half of the global stream of goods.« MAN Energy Solutions sees great potential in Power-to-Gas technology, which allows energy generated from renewable sources to be converted into synthetic fuels. Lauber: »Using Power-to-Gas technology, we can produce a number of completely carbon-neutral, synthetic gases that can drastically reduce the CO2 impact of logistics and energy generation when used as fuel.« MAN Energy Solutions’ vision also sees electrical energy in the future generated either from renewable sources or by decentralised, flexible power plants that will increasingly be powered by such carbon-neutral fuels. Lauber said: »In addition, there will be storage solutions in a range of sizes. In this way, we will build the intelligent energy system of the future.« In shipping, MAN Energy Solutions has publicly spoken out in favour of a »maritime energy transformation«, which draws on the increased use of low-emission gas as fuel. Lauber said: »The path to decarbonising the maritime economy starts with fuel decarbonisation, especially in container shipping.« MAN also offers a number of alternative drive technologies, including hybrid drives, in order to further reduce the share of heavy-fuel engines in shipping traffic, among other applications. »Whether we are talking about a marine-drive system, smart energy networks or efficient industrial-process solutions – converting energy into concrete economic and social benefits lies at the core of our business,« said Lauber. »By rebranding as MAN Energy Solutions, we are taking the next logical step and making that focus clear in our company name as well.« As part of the new branding, MAN Energy Solutions new brand claim is »Future in the making«. Order intake at MAN Energy Solutions in the first half of teh fiscal year 2018 was up on the whole. The Engines & Marine Systems strategic business unit, in particular, saw a considerable increase in the number of orders. MAN Energy Solutions’ sales revenue was up 5% compared with the prior-year period. The company recorded an operating profit of 51 mill. € in the first half of the year and an operating return on sales of 3.6%.ED Photo: MAN »The path to decarbonising the maritime economy starts with fuel decarbonisation, especially in container shipping« Uwe Lauber, Chairman of the Board, MAN Energy Solutions 66 HANSA International Maritime Journal – 155. Jahrgang – 2018 – Nr. 9

Green & Efficient »Sulphur Cap« bolsters Wärtsilä’s balance sheet The Finnish marine and energy coporation has reported a positive first half of 2018. Upcoming regulations led to increased sales. The outlook is raised from »solid« to »good« From January to June, the order intake rose by 10% to 3.06 bn €. Net sales remained stable – after a slight decrease in the first quarter – at 2.31 bn €. While the operating result increased from 204 to 211 mill. €, the order book grew by 16% to 5.9 bn €. President and CEO Jaakko Eskola explained, the the positive momentum in ordering activity continued in the second quarter of 2018. Although vessel contracting activity has been somewhat slower than anticipated, »our extensive portfolio of solutions and a favourable contracting mix resulted in the Marine Solutions’ order intake developing well.« In particular, he mentioned the scrubber business as having been successful. : »I am pleased to note the increased demand for exhaust gas cleaning solutions in both the newbuild and retrofit markets ahead of the global sulphur regulations, which enter into force in 2020.« In the Services business, Wärtsilä has also seen continued interest in service agreements, the agreement to optimise the maintenance of all Wärtsilä thrusters installed within the Transocean fleet being a highlight of the quarter. Another significant project was the order of a Fuel Gas Supply System for two new shuttle tankers being built for Singapore based shipping company AET Tankers – ist was the 100 th order being booked. The vessels will feature Wärtsilä 34DF dual-fuel auxiliary engines running primarily on LNG fuel, and fitted with LNGPac units. The system comprises a bunkering station, the LNG fuel tank and related process equipment, as well as the control and monitoring system. The first LNGPac installation was for the chemical tanker »Bit Viking« owned by Swedish operator Tarbit. This vessel was converted for LNG fuel operation in 2011. According to Wärtsilä, today the LNGPac is installed on some 12 or more different types of vessel, including passenger ferries, tugs, dredgers and offshore vessels. In May, Wärtsilä also announced that its acquisition of Transas, a global company headquartered in the U.K., leading in the market of marine navigation solution, has been finalised. The acquisition, which was announced in March, had a transaction value of 210 mill. €.It is planned to bring Wärtsiläs »Smart Marine Ecosystem« many steps forward. Notwithstanding the good results in the first half of the year, for both the marine and the energy segment, the impact of increased geopolitical uncertainty on customer decision-making remains a concern, Eskola added. Nonetheless, the CEO expected the demand for services and solutions in 2018 to improve »somewhat from the previous year«. The outlook for »Services« is »Good«, although there are concerns related to fuel price development and escalating trade tensions. The segment of Marine Solutions also has the expectation »Good«, raised from »Solid«.MM Photo: Wärtsilä CEO Jaako Eskola: »I am plesaed to note the increased demand for exhaust gas cleaning solutions« HANSA International Maritime Journal – 155. Jahrgang – 2018 – Nr. 9 67

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