Oshima ECO-ship 2020 The open hatch bulk carrier of the future Adam Larsson, Project Manager, DNV 26 May 2011 Oshima ECO-ship 2020 - Objectives Environmental friendly Energy efficient Cost-effective Flexible operations Oshima ECO-Ship 2020 26 May 2011 © Det Norske Veritas AS. All rights reserved. 2 Design basis Market and logistics study - Basis for selection of main particulars and technical solutions Operational profiles and trading routes identified - Basis for fuel consumption calculations Open Hatch Bulk Carrier segment: - Many port calls Pulp trades Few ballast voyages Average load level 77% Oshima ECO-Ship 2020 26 May 2011 © Det Norske Veritas AS. All rights reserved. 3 Concept overview Main features: - LNG fuelled – LNG as only fuel on board Wide air lubricated twin skeg hull Flexible propulsion and power generation systems Waste heat recovery Composite hatch covers Large capacity electric deck cranes Oshima ECO-Ship 2020 26 May 2011 © Det Norske Veritas AS. All rights reserved. 4 Hull Optimised to fit operational profile Wide twin skeg hull Seaworthy Bow Air lubrication Flipper fins Reduced fuel consumption Low total resistance - Calm water - Waves High propulsive efficiency Oshima ECO-Ship 2020 26 May 2011 © Det Norske Veritas AS. All rights reserved. 5 LNG fuelled LNG only, no fuel oil for propulsion or power generation Fully compliant with existing and future expected emission requirements - ECA and EU port regulations IMO Tier III regulations No SOx and particulate emissions Significant reductions of CO2 Clean working environment No risk for accidental oil pollution LNG tank location in aftship 4 C-type pressurised tanks Total tank capacity 3,000 m3 Oshima ECO-Ship 2020 26 May 2011 © Det Norske Veritas AS. All rights reserved. 6 Machinery and propulsion systems by Rolls-Royce Marine 2 lean-burn 4-stroke medium speed gas engines, 2 x 4,000 kW 1 auxiliary gas engine, 1 x 1,400 kW Hybrid Shaft Generators, PTI/PTO mode Frequency converters Waste heat recovery PROMAS, integrated propeller and rudder Low fuel consumption High energy efficiency Twin screw redundancy Flexible propulsion and power generation Excellent manoeuvrability Oshima ECO-Ship 2020 26 May 2011 © Det Norske Veritas AS. All rights reserved. 7 Operational solutions All-electric deck machinery Composite materials Large capacity electric jib cranes, 4 x 75t Hatch covers High cargo handling efficiency Reduced energy consumption Significant weight reduction Easy handling by deck crane (no hydraulic systems) Less maintenance Oshima ECO-Ship 2020 26 May 2011 © Det Norske Veritas AS. All rights reserved. 8 The ECO-Ship is commercially viable Compared to a conventional Oshima OHBC, the ECO-ship requires an additional investment of about 23 MUSD This extra investment is expected to be earned back within 10 years The ECO-ship improves the expected net present value before tax by 38 MUSD over a lifetime of 25 years Oshima ECO-Ship 2020 26 May 2011 © Det Norske Veritas AS. All rights reserved. 9 Concluding remarks Environmental friendly - - No emissions of SOx or particulates 90% NOx reductions CO2 reductions of at least 50% compared to base case Energy efficient - Cost-effective Flexible operations - LNG fuelled Waste heat recovery Electric deck machinery Oshima ECO-Ship 2020 26 May 2011 © Det Norske Veritas AS. All rights reserved. 10 years pay-back time Improved lifetime net present value of 38 MUSD 10 Machinery and propulsion system Large capacity deck cranes Composite hatch covers Safeguarding life, property and the environment www.dnv.com Oshima ECO-Ship 2020 26 May 2011 © Det Norske Veritas AS. All rights reserved. 11