Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Shipping Companies Look Outside the BoxMonday, November 10, 2014 > 09:31:15
(Aircargo News Asia)
Faced with new environmental rules and the need to cap operating costs as profits slide, shipping companies are renewing their fleets to make them more eco-friendly and fuel-efficient using new techniques such as using liquefied natural gas (LNG) to reduce emissions and using 3D printing to make parts.
In China, subsidies to scrap ships are on offer and the State-owned China Shipbuilding Industry Corporation says prices for vessels are 30 per cent lower than before the 2008 global financial crisis.
In other developments:
- One firm is ordering ships at least 20 per cent larger than its older vessels to improve efficiency.
- A low-friction paint is being developed that is claimed to reduce a ship's fuel consumption by six to seven per cent.
- A ship's hull has been fitted with fans that blow a layer of bubbles to the vessel's bottom, helping it glide more easily through the water, thereby burning less fuel.