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DNV: Multifaceted approach to managing decarbonization risks

DNV offers a look into Great Eastern Shipping’s approach to decarbonization including bio bunker fuel trials, collaborating for green hydrogen and ammonia infrastructure and energy-saving retrofits.

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DNV: Multifaceted approach to managing decarbonization risks

In a recent Maritime Impact article, classifiction society DNV offered a look into Great Eastern Shipping’s approach to decarbonization including bio bunker fuel trials, collaborating for green hydrogen and ammonia infrastructure and energy-saving retrofits:

In a time of regulatory uncertainty and evolving fuel options, shipowners like Great Eastern Shipping are taking a pragmatic route to decarbonization by focusing on flexible fleet upgrades and operational efficiencies while supporting Indian ports and government construction of a low-GHG fuel infrastructure.

As the shipping industry responds to IMO’s decarbonization goals for 2050, along with the interim targets for 2030 and 2040, many questions remain unanswered, reflecting the complexity of the path ahead. “The major challenge is the regulatory uncertainty,” says Capt. Ankush Gupta, Chief Operating Officer of the Great Eastern Shipping Company Ltd. (G E Shipping), India’s largest private-sector shipping company. “We desperately need a clear, final ‘basket of measures’, specifically the global fuel standard.” 

Drop-in biofuels can reduce emissions immediately

As shipowners and operators plot a course towards net-zero, they must carefully weigh their options to manage the potential increase in emission- and fuel-related costs. Which new fuel will be available at scale, when, and what will be the price tag? How long will it take ports to build up an adequate global bunkering infrastructure for new fuels? How will all this change the competitive environment? 

But this uncertainty has not stopped G E Shipping from taking action. “We are actively pursuing immediate, viable solutions,” says Gupta. “We’ve been a pioneer in India by successfully completing trials of marine biofuel blends on our tankers. This was a landmark achievement, demonstrating that sustainable drop-in fuels can achieve instant, meaningful emissions reductions in our existing fleet without requiring massive capital investment in engine modifications.” G E Shipping is now using biofuels on selected voyages where supply logistics allow, Gupta adds. 

Collaborating for green hydrogen and ammonia infrastructure in Indian ports

Operating a fleet of roughly 40 tankers, bulk carriers, and gas carriers, with more to be added soon, the company is pursuing a cautious but steady fleet renewal strategy in line with India’s ambitious national maritime vision.  

“Our decarbonization efforts are in line with the Indian government’s Maritime Amrit Kaal Vision 2047 and the Harit Sagar initiatives,” says Gupta. “As the country’s leading private-sector shipping company, we feel a responsibility to champion this transition. We’re very open to collaborating with Indian ports and government bodies, providing operational insights to help them shape the necessary infrastructure for green shipping corridors, especially in line with the national vision for green hydrogen and ammonia.”

Energy-saving devices and operational measures buy time

DNV’s Maritime Advisory experts completed a decarbonization study for G E Shipping’s entire fleet a few years ago, resulting in CII ratings and a decarbonization plan that delivers actionable recommendations. This has enabled G E Shipping to commit its resources to the most effective and cost-efficient measures. “Our primary focus is on energy-saving devices, installed during dry dockings,” says Gupta. “We’ve invested heavily in propulsion efficiency, fitting pre-swirl devices and high-efficiency propellers to reduce energy losses. These technical retrofits, along with engine part-load optimization, high-performance hull coatings, and hull cleaning, deliver substantial fuel and CO2 reductions.”  

Proactive biofouling management and the use of combustion catalysts are supporting these measures, while advanced voyage optimization and smarter autopilot systems help the vessels select the most efficient itineraries, achieving additional, measurable savings. G E Shipping is also exploring just-in-time arrival, working with the Blue Visby Consortium. “For the long term, our R&D evaluates technologies like air lubrication systems, wind-assisted propulsion, and onboard carbon capture as critical components for meeting our ultimate decarbonization goals,” remarks Gupta. 

Nevertheless, the company is well aware that these are short-term fixes, he adds. “These operational measures buy us time, but they won’t meet the ambitious mid-term targets.”

Note: The full article by DNV can be found here.

 

Photo credit: Great Eastern Shipping
Published: 29 October, 2025

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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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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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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.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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