Putting the Right Foot Forward: Strategies for Reducing Costs and Carbon Footprints

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1 Putting the Right Foot Forward: Strategies for Reducing Costs and Carbon Footprints

2 More than 140 years in business Business Segments: Maritime Classification, Maritime Solutions, Oil & Gas and Renewables 7000 employees in 80 countries and 200 offices. >7000 vessels with in total >91mGT. 33mGT/1350 ships on order

3 MISSION To reach our visionwe must be SAFER, SMARTER & GREENER GL Your Worldwide Partner No. 3 8

4 Navigator Time for change Efficiency Defined Efficiency Practiced Conclusion

5

6 Lines Optimization for a TEU Container Vessel Operational life 25 years, price per ton fuel 600 US-Dollar RT / RT Baseline 24 kn, 14 m/14 m Each single red cross represents a full hull design and analysis approx in total 127,000,000 US-Dollar 72,000,000 US-Dollar 29,500,000 US-Dollar V/V Baseline No. 6 / Baseline 14 m/14 m The numbers in US-Dollars shows three different designs at the same displacement (100%) and the same speed (24 knots), which differ by resistance (lines optimization is done to reduce resistance), thus by the required power, i.e. by the fuel consumption, and the numbers give the additional amount of money the operator has to spend in 25 years at a price of fuel of 600 US$, on top of that to spend for the optimum design, which lies on the bottom border of the red cloud In other words, the US$ show the penalty the operator is charged by choosing the displayed designs instead of searching for the optimum on the above shown pareto-frontier.

7 Navigator Time for change Efficiency Defined Efficiency Practiced Conclusion

8 Ship performance strongly defined by its (more and more hostile ) nvironment operation costs: bunkering, crew, harbour, repair & maintenance insurances, fees shipping market: interest rates charter rates freight rates... politics & society: regulations, national/international IMO, MARPOL, green image... met-ocean climate: wind & wave climate, depths, temperatures, currents, sea ice, harbour constraints

9 Timeline for tightening of regulations for shipping *) estimated entry into force

10 With increasing transport demand, CO2-emissions in 2050 are estimated to be three times the emissions in The assumptions used in this prediction already account for novel technological and operational measures. Political and regulatory measures are expected in addition, incl. CO2-indexing (Design Index, Operational Index, ) emission trading The estimated additional costs related to CO2-emissions range from 25 to 70 $/t CO2 corresponding to 75 to 200 $/t fuel surcharge for one tonne of fuel.

11 Existing Ships facing Rising future Fuel Costs: Stricter regulations (Emissions) w/ impact fuel cost + Rising HFO prices + Existing world fleet designed and built during low fuel oil times Anticipated effective fuel costs for shipping until 2037 Source: Fearnley's Review, presented by Miiguel Palomares, Director, Marine Environment Division IMO, ITF2009

12 Do present designs/ships match this environment of high fuel prices?

13 Focus on fuel efficiency 60% for bunker Cost structure for 4300 TEU Container Ship

14 Navigator Time for change Efficiency Defined Efficiency Practiced Conclusion

15 Example Trends / Reactions Air Cavity Systems Optimization of existing designs Creation of new optimized designs Alternative Drives like Sky Sails marine SOx scrubbers after-treatment technology for removing sulphur oxides from exhaust gas Optimize operations Alternative Fuels or multi-fuel vessels (e.g. LNG, fuel cell, etc.), new materials

16 Case Study 1 new design: Optimization of Large Container Carrier Design (KOREA)

17 Container Carrier Design Case study Fine-tuning of a container carrier for maximum performance By courtesy of Choi Young-Bok and Lee Yeon-Seung, Daewoo Shipbuilding and Marine Engineering Co Carrier TEU Guaranteed speed of 24kn L OA of almost 380m with L PP around 360m Breadth just below 52m Draught around 14m

18 BEFORE Improvements made Reduced wave resistance Favorable propulsion characteristics High robustness hull form that outperformed competitors both at design speed and at slow steaming AFTER Final design showed less than 50% in wave resistance Source: DSME

19 MSC DANIT 14,000 TEU containership designed and built by Korean ship yard DSME, classed by GL, hydrodynamically optimized within the FRIENDSHIP-Framework (product Friendship Systems). Chao Tae-Ik, Vice President, Daewoo If the hull is already optimized using the FRIENDSHIP-Framework it cannot be improved any further. Photo by courtesy of DSME

20 Selected customers for the Software product Friendship Framework

21 Case Study 2 existing ship: Energy Efficiency Optimization of 4300 TEU Container Carrier (GERMANY)

22 Assorted levers to reduce fuel bill Case Study: 4300 TEU ship $/d $/d 25% 100% 94% 89% 85% 79% 75% Lines Optimization Trim Optimization Appendages Update pumps, etc Monitoring & Training

23 Fuel efficiency pays off - Soon 5 year projection Savings >9.000 USD per Day (25%) Cost structure for 4300 TEU ship 3.3 musd savings a year Mid musd wining margin $ $ $ $0 60% for bunker In addition, fuel efficient vessel will get better Time Charter contract $ $ $ $ $ $ $ $ $ $5.000 $0 $ $ $3.600 $5.160 $1.020 $1.125 Savings Bunker Capital Staff Maintenance, Dry Dock, Class Insurances Lubricants

24 Case Study 3 optimization of Operations: Trim Optimization for a TEU Container Ship of Hapag Lloyd

25 Optimal trim saves fuel today

26 Case Study 4 new design: Optimization of a 76,000 dwt Bulk Carrier Design (CHINA)

27 Optimization of dwt Bulk Carrier design Ms. Chen Xiaoying, Design Department Hudong Zhonghua Shipyard: Lloyds List, May 11 th, 2010 QTE Hudong Zhonghua orderbook grows SHANGHAI s Hudong Zhonghua Shipbuilding, an offshoot of stateowned China State Shipbuilding Corp, has won five contracts for 10 panamax bulkers, including deals for its most popular 76,000 dwt ship, in the first five months of this year. [ ] All the ships are due for delivery between the fourth quarter 2011 and the first half of Hudong Zhoughua Shipbuilding has an order backlog of 71 vessels with a total of 4.8m dwt. The shipyard said it had increased its exposure to local shipowners following a drought in new orders last year. UQTE "Due to the introduction of FRIENDSHIP SYSTEMS software and services for hull form optimization Hudong Zhonghua has won several orders because of the better energy efficiency than all competing designs."

28 Navigator Time for change Efficiency Defined Efficiency Practiced Conclusion

29 THE WAY FORWARD: ENERGY EFFICIENCY of SHIPS is and will be much more a key driver for ROI Optimize existing vessels / designs Order new vessels based on fuel efficient designs! Use external expertise

30 Only what is measured can be reduced

31 SAFER, SMARTER, GREENER A greener future for shipping!

32

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