The Maritime Economist Magazine Spring 2015 | Page 40

THEMARITIME Economist voice of young generation FreshMINDS Emerging Maritime Technologies Bekir SAHIN Maritime Department, Istanbul Technical University, Istanbul, Turkey ME Mag New technologies regarding to energy efficiency, air pollution, waste treatment, safety, navigation and emergency have been developed for a long time. These technologies might focus on navigational, operational, capacity enhancement, hull & propeller improvements, bulbous bow & surface designs, energy and systems. Ship-owners generally tend to consider new technologies based on International Maritime Organization (IMO)’s mandatory regulations and standards such as MARPOL, SOLAS, COLREG and etc. 40 This is a fact that new technologies in maritime field as being in all other sectors provide long-term financial benefits. Ship owners will take this into account increasingly every passing day. The following example demonstrates the significance of investing to the new technologies. The Marine Environment Protection Committee, IMO (MEPC 60/4/36 ANNEX 2) has presented a cost-benefit analysis for prevention of air pollution from ships. It offers some new technologies such as (1) optimization of superstructure for reduction of air and wind resistance (2) optimization of stern shape for reduction of wave making resistance by shape of stern (3) low friction coating, air lubrication method, stern duct, and stern fin for reduction of friction resistance (4) corrosion resistant products, pre-swirl fin and hybrid pod for improvement of propeller efficiency (5) stem duct, pre-swirl fin, spritstern and post-swirl system for improvement of propulsion efficiency by shape of stern. According to this, in case of investing possible combinations of the proposed new technologies, an 84.000 DWT tanker will provide %25.9 energy efficiency within the years of 2018-2022 and %37.3 for 2023-2027. The estimations of fuel oil consumption of main engine for 8-year period will decrease from 114.036 to 71.533 tons. If bunker price is assumed 400($/t) with interest rate of 2.0 (%), fuel cost reduction for 8 years will be 10.80 (M$) in the years between 2018-2022 and 15.54 (M$) for 2023-2027. Accordingly, MEPC (MEPC 67/INF.9) has declared the costs of the projects on new technologies for energy efficiency. The list of energy saving potential declares that costs for 18 out of 23 projects are negligible, zero and low. Similarly, the savings for 20 out of 23 projects are high and medium. Even if the cost is high, its savings are high. Therefore, new technologies provide much more benefit than expected after choosing the appropriate project with its high performance and applying it with careful planning.