Page 13 - GLNG Week 28 2021
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GLNG                                        NEWS IN BRIEF                                             GLNG








                                                                                  Government Affairs, MSC Group, said:
                                                                                  “MSC’s efforts to decarbonise include strong
                                                                                  partnerships with a range of companies across
                                                                                  the industry. This partnership with Shell is a
                                                                                  great example of the type of commitment that
                                                                                  is needed to catalyse low-carbon solutions for
                                                                                  the shipping sector.
                                                                                    “To reach that ultimate goal of complete
                                                                                  decarbonisation, we must look at a set of
                                                                                  solutions. We need significant advances
                                                                                  in research and development and fuel
                                                                                  development. MSC welcomes partnerships
                                                                                  like this with Shell that are designed to
         yard in spring 2022, and the ferry is expected   car carriers crossing the North Atlantic for   facilitate cross-sector information sharing and
         to be delivered in 2023.            Volkswagen will be powered by LNG.   prove how collaboration is key in defining the
           “We are very familiar with Wärtsilä and   The further decarbonisation of shipping   best pathway to a net-zero future,” said Mr
         rate both their products and their support   will result in substantial CO2 reductions, with   Darr.
         very highly. When the decision to operate   the use of liquid gas enabling Volkswagen   Melissa Williams, President, Shell Marine,
         primarily on LNG fuel was made, it became   to cut the ships’ CO2 emissions by up to   said: “Shell wants to play a central role in the
         clear that Wärtsilä was the most experienced   25 percent (tank-to-wake). “In line with   transition to net zero. Partnering with our
         and qualified supplier to use,” says Luigi   the Group’s commitment to e-mobility   customers to develop new technologies and
         Genghi, managing director of Caronte &   and climate-neutral production, the LNG   fuels will help accelerate progress. Combining
         Tourist.                            fleet used by Logistics represents a major   MSC’s experience as one of the world’s largest
           “This is our second project for the same   contribution to making Volkswagen net   shipping companies with Shell’s expertise as
         owner and shipyard, and repeat orders   carbon neutral by 2050,” says Simon Motter,   a global energy supplier will help bring about
         are always an encouraging testimony of   Head of Volkswagen Group Logistics.  effective solutions for this vital part of the
         satisfaction. Our reference list of ferries   Volkswagen was one of the first car   world economy.”
         operating with the Wärtsilä 34DF engine   manufacturers to subscribe to the goals of the   Shell and MSC have worked together
         is indeed impressive, and we are pleased to   Paris Climate Agreement that aim to limit   over the last 10 years on projects, including
         add to it with this order. The flexibility of   global warming to significantly less than two   bunkering biofuels and trialling very and
         our dual-fuel technology is important for   degrees by 2050. The Volkswagen Group has   ultra-low sulphur fuels.
         ferry operators because of the importance   therefore committed to e-mobility as well as   MSC and Shell technical and commercial
         of redundancy. Should, for any reason, LNG   to the sustainable production and use of new   teams will collaborate to develop and deploy
         be not available, the engine can switch to a   electric vehicles. The company follows the   net-zero solutions such as zero-emission
         conventional fuel in milliseconds, and the   principle of focusing first on the avoidance   fuels of the future and the technologies
         ferry schedule remains uninterrupted,” says   of CO2 emissions and then on reducing   that will enable them, including fuel cells,
         Giammario Meloni, senior sales manager,   emissions as far as possible. Only unavoidable   with the ambition of contributing towards a
         Wärtsilä Marine Power.              emissions are offset by climate protection   zero-carbon flexi-fuel concept vessel. They
         WÄRTSILÄ, July 13, 2021             measures.                            will also work together on energy efficiency
                                             VOLKSWAGEN GROUP, July 14, 2021      technologies, including digital services and
         Volkswagen Group                    MSC and Shell sign                   platforms.
                                                                                  MSC MEDITERRANEAN SHIPPING COMPANY,
         continues switch to low-            collaboration agreement on           July 16, 2021

         emission logistics with LNG         decarbonising shipping               FLNG – repurchase of
         ships                               MSC Mediterranean Shipping Company and   shares

         Volkswagen is the first automaker to transport   Shell International Petroleum have agreed   Flex LNG announces that the company
         most of its new vehicles overseas using   to work closely together to help accelerate   on the July 12, 2021 purchased 5,962 of
         low-emission LNG ships (LNG – liquefied   the decarbonisation of the global shipping   the company’s own common stocks. The
         natural gas). After the first two LNG car   sector. The long-term memorandum of   shares have been bought on the Oslo Stock
         carriers entered service in 2020, Volkswagen   understanding will help MSC and Shell to play  Exchange at an average price of NOK 121.48
         Group Logistics has now ordered four more   enhanced roles in the energy transformation   per share. Following the completion of the
         ships with dual-fuel engines that can be   of shipping, as developers and early adopters   above transactions, Flex LNG owns a total
         powered with environmentally friendly liquid   of innovative technologies and fuel solutions.  of 900,000 of own shares, corresponding to
         gas. They should be traveling the world’s   The companies plan to develop a range of   1.66% of the company’s share capital.
         oceans by the end of 2023, serving the North   safe, sustainable and competitive technologies   The transaction is part of the share
         American route between Emden in Germany   that can reduce emissions from existing assets   buyback program announced on November
         and Veracruz in Mexico. On the return trip,   and help to enable a net-zero emissions future   19, 2020.
         the LNG ships will transport new vehicles   for shipping.                FLEX LNG, July 16, 2021
         destined for Europe. Soon, six of the nine   Bud Darr, EVP Maritime Policy and



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