The 4th Green Technologies Seminar Discusses the Green Shipping Financial Tools amidst other Green Technologies and best Practices

Nov 25, 2015, 23:58 ET from Seatrade Communications

SINGAPORE, Nov. 26, 2015 /PRNewswire/ -- The 4th Green Technologies Seminar co-hosted by leading classification society, ClassNK, and Seatrade was successfully held on Monday, 16 November 2015 at the Hong Kong Convention and Exhibition Centre. Close to 100 executives from the maritime industry registered for the seminar which touched on the latest green technologies development and best practices.

ClassNK Chairman and President, Noboru Ueda kicked off the seminar by addressing the need for a greener and more eco-efficient operation through investment in new technologies. Ueda said "By harnessing the skill and experience of the entire industry through joint R&D, we can develop solutions that help owners comply with new regulations while also benefitting from savings through increased efficient operation." Ueda added that since 2009, the classification society has supported some 330 joint projects and is in talks with partners to carry out further 50 projects.

Mark Clintworth, Head of Shipping, European Investment Bank (EIB) and presenter of the keynote address on Financial Initiatives for Green Shipping shared that the shipping industry is facing a number of challenges to finance investments required to meet the new sulphur emission standards applicable in controlled areas. The Green Shipping Financing Tools (GSFT) currently developed by EIB will focus on de-risking the environmentally focused investments and will be designed for general fleet renewal focused on greener shipping and being incremental to commercial lending. Mark also highlighted that the GSFT will not provide financing to operators that do not have a sustainable business perspective.

Reduction of fuel consumption was also highlighted at the seminar. Dr Toshio Yamatogi, General Manager, Composite Business Department, Nakashima Propeller Co., Ltd shared that the company has been doing research and testing on carbon fibre reinforced plastic (CFRP) propellers on smaller vessels and a joint research project they have worked with ClassNK in 2014 on the retrofitting of the main propeller of a 500GT chemical tanker in Japan, resulted in the first application of such technology in the world.

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Daphne Yuen
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About ClassNK

ClassNK is one of the world's leading classification societies, providing safety and certification services for more than 20% of the world's merchant tonnage. In addition to its wide range of classification services, ClassNK is also one of the world's leading maritime research organisations.

As part of its Joint R&D for Industry program, ClassNK is working with partners from throughout the maritime industry to carry out research and development projects focused on addressing key challenges such as maritime safety, green technology, and GHG emission reduction. Since the program's founding in 2009, ClassNK has provided research support and funding to more than 330 maritime R&D projects around the world.

About Seatrade

Founded in 1970, Seatrade was acquired in 2014 by UBM, the world's second largest media and event organiser across a wide variety of industries. Seatrade's publications, events, management training, research and award schemes cover every aspect of the cruise and maritime industries.  The company's principal strength is its ability to bring key people together, encouraging innovation and facilitating better communication within the industry. Seatrade's headquarters are based in Colchester, UK, with regional offices in Dubai, Singapore, as well as representatives in all major maritime centres and cruise destinations across the globe.

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About UBM plc

UBM plc is a leading global events-led marketing services and communications company. We help businesses do business, bringing the world's buyers and sellers together at events, online and in print. Our 5,000 staff in more than 20 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently. Running over 300 events per year UBM is the second largest exhibitions organiser globally and the biggest commercial organiser in the US, mainland China, India and Malaysia. For more information, go to; follow us on Twitter at @UBM_plc to get the latest UBM corporate news; follow@UBM for news and updates from across the businesses and selected members of UBM's Twitterati.




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SOURCE Seatrade Communications