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For many decades, engines running on HFO have been, and still are, the market standard for propulsion and electric power generation in merchant vessels. While HFO represents the cheapest available source of primary energy, future environmental regulations will require technologies with lower levels of emissions. ECAs, wherein emissions of NOx, SOx and particulates by marine engines will be regulated, have been announced under IMO Tier III, and the number of ECAs in different regions of the world is expected to rise. Increasingly tough environmental regulations will open up opportunities for new solutions incorporating cost-efficient technology, and this could trigger a substantial shift towards gas-powered dual-fuel vessels. The need to invest in emissions-abatement technology will make the use of liquid fuels increasingly expensive in the future. From a price perspective, LNG is already competitive with liquid fuels, but further investment in the supply chain is necessary to encourage widespread use in the shipping industry. SHI will be developing a highly efficient and environmentally friendly gas-fuelled ship with a new hull form and propulsion systems. It will include a fuel gas storage and supply system, known as Samsung FuGaS. As well as identifying the major vessel parameters, SHI will provide input for the specifications regarding the propulsion system and fuel storage and handling systems, in addition to assisting with economic evaluations. “We have delivered hundreds of vessels from virtually every ship category to customers worldwide, and we lead the industry in both the number of ships built and dock turnover time, a key measure of efficiency,” says K. S. Lee (Vice President, Project Planning Team at SHI ). “We are also the leader in constructing next-generation LNG vessels using dual-fuel engines, a very fuel-efficient and environmentally-sound solution which requires significant technological expertise. As an advanced shipbuilder for environmentally friendly vessels, we look forward to transferring our competence in LNG technology from LNG carriers to LNG-powered merchant vessels.” Wärtsilä in brief: Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2009, Wärtsilä’s net sales totalled EUR 5.3 billion with more than 18,000 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com Wärtsilä Corporation, press release |