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Decarbonisation

APM 2024: Achieving IMO GHG 2030 goal is possible but requires firing all cylinders, says DNV

DNV believes it is possible to meet IMO GHG 2030 goal which requires shipping to secure 30–40% of estimated annual global supply of carbon-neutral bunker fuels, but emphasizes a lot needs to be done.

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APM 2024: Achieving IMO GHG 2030 goal is possible but requires firing all cylinders, says DNV

Experts from classification society DNV participated in various panel sessions at the Asia Pacific Maritime (APM) 2024, held from 13 to 15 March, discussing decarbonization, the importance of pilot projects to find green and sustainable solutions, industry trends and the evolving role of vessel classification among others:

At Asia Pacific Maritime (APM) at Marina Bay Sands Singapore last week, there was alot to see and hear about technology and innovations, about digitalization and decarbonization.

But was there enough evidence of genuine commitment by the maritime industry to make the very necessary changes – with alternative fuels, more energy efficient operations or in ship design – in time to reach the targets that IMO has set?

“A near impossible task” to meet the IMO GHG 2030 goal which requires shipping to secure 30–40% of the estimated annual global supply of carbon-neutral fuels, said DNV’s Area Business Development Manager Girish Sreeraman, in the discussion on “Clean Energy Transition in Shipping: Optimizing Strategies, Hitting IMO Targets and Balancing Profitability”.

Drawing on DNV’s latest report “Energy Transition Outlook 2023”, he pointed out that other sectors will be competing for the same cleaner and greener fuel supply. It is therefore imperative for the shipping industry to align environmental objectives with financial sustainability in its transition to cleaner energy sources.

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Operational Energy-efficient Measures

DNV believes it is possible, but a lot more needs to be done to reduce energy consumption, using operational energy-efficiency measures like speed reduction, route optimization, and hull and propeller cleaning.

This was reiterated by Cristina Saenz de Santa Maria, VP, Regional Manager South East Asia, Pacific & India, Maritime at DNV – who said that we must continue to focus on all other ways to cut emissions from the maritime sector, which includes making our vessels more energy efficient and at the same time, looking to alternative fuels.

Speaking on the “Norwegian Innovations: Pioneering Green and Sustainable Maritime Solutions” panel, Cristina reinforced the value of learning and adopting innovative measures from Norway and applying them in Singapore and Southeast Asia.

Norway and Singapore both put into practice the importance of testing, to ensure that any new ideas adopted are economically viable.

Pioneering Solutions by using Pilots

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When it comes to pioneering green and sustainable solutions, Cristina stressed on the importance of ‘piloting’ and the importance of safety and training our people to be ready for change.

She also noted increased activity in the electrification of vessels, where Norway has taken the lead – and is growing here in Singapore as well – with the introduction of electric and hybrid harbour craft.

It is essential to take into consideration the whole life cycle of the electric vessel supply chain.

This is where DNV together with local partners like Seatrium, Surbana Jurong Group and others, with support from Maritime and Port Authority of Singapore (MPA), is working to develop Singapore’s first comprehensive electric vessel supply chain.

While electrification is but one solution to decarbonize the maritime industry, it is noteworthy that it might only account for about 4% of the 2050 maritime fuel-mix, as per DNV’s latest report.

Challenges, Uncertainties and New Risks

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The evolution happening in the maritime industry in connection with decarbonization and digitalization brings many new challenges, with numerous uncertainties and new risks.

This was emphasized by Vice President & Area Manager, SEA(S) & Indian Subcontinent at DNV Maritime, Denzal Hargreaves in the session on “Future of Vessel Classification – How Classification is Evolving to Support Innovation and Sustainability”.

With the emergence of new, alternative fuels and technologies, the increasing complexity and diversity of vessel designs come together to make the core role of Class Societies, like DNV – to safeguard life, property and the environment – more important now than ever.

But we must maximize the use of technology and all tools at our disposal.

Denzal believes we can achieve added efficiency through the effective use of technology, but we still need to rely on the expertise of our people playing key roles.

Maintaining the role of the ship surveyor

There are many expectations in the industry on the expanded role being played by digitalization, but we have to realize that the majority of these aids and algorithms are designed to collect information and supply the data we need, but they don’t replace the human element.

The role of the ship surveyor, for example, is to use all of his or her senses to observe, to assess and to collect everything needed to make decisions. The digital transformation helps us collect all the relevant data, but the human element is still there, and the specific skill sets are still required.

The maritime industry needs the ship surveyor more than ever as we need to identify and introduce collaboration and innovation, which are increasingly essential. Of course, we can make full use of technology. We’re seeing underwater drones being used to make inspections at sea. They can undertake cargo tank inspections, using visual recognition software and digital twins to perform surveys and highlight potential risk areas which can be followed up by experts.

We can have the best technology available, but not forget the importance of the human element, equipping and training people to do the job.

Related:DNV: Maritime fuel mix by 2050 projected to consists of 84% alternative bunker fuels

 

Photo credit: DNV
Published: 22 March 2024

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

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Photo credit: DNV
Published: 4 September, 2026

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