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Decarbonisation

DNV interviews China’s CMES on bringing decarbonization from strategy to reality

Mr Wang YongXin, President of China Merchants Energy Shipping, talks on how they convert their decarbonization strategy into vessel‑level action using emissions data, scenario models, and targeted upgrades.

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DNV interviews China’s CMES on bringing decarbonization from strategy to reality

Classification society DNV on Thursday (19 March) published an interview with Mr Wang YongXin, President of China Merchants Energy Shipping (CMES), on how they convert their decarbonization strategy into vessel‑level action using emissions data, scenario models, and targeted upgrades. 

Mr Wang also touched on marine fuel flexibility, immediate steps that can deliver fast gains and which technologies help to accelerate the transition:

DNV: The push towards net zero is reshaping almost every part of global shipping, and companies are navigating a fast-moving mix of regulations and commercial expectations. Based on CMES’ experience developing the Net-Zero Guide, what key insights and practical steps can companies take to stay ahead of these changes?

Wang: Through our exchanges with industry peers, we learnt that many companies recognize the urgency but need a clear, actionable roadmap. Our vision is that effective transition planning must begin with a precise review of regulatory risk in two directions: fleet construction and operational management. Companies need to plan ahead based on how new regulations will impact their future fleet and business models. They must advance short-term adjustments while integrating alternative fuels and new technologies into their long-term planning. By doing so, companies can not only meet regulatory requirements but also strengthen their competitive position in a market where sustainability increasingly drives commercial decisions.

DNV: Many companies tell us they understand what they need to do, but struggle with how to break it down into manageable steps. With that in mind, what would you say are the most effective ways for shipping companies to assess their current emissions profile and translate decarbonization objectives into actionable strategies across short-, medium-, and long-term horizons?

Wang: From our experience, the most effective approach is to view decarbonization through a full life-cycle lens and incorporate it into fleet development from the earliest design stages through to daily operations. At CMES, we have been applying this approach in recent years by integrating life-cycle decarbonization planning into our newbuilding, retrofit, and commercial management projects. This allows each vessel to start tracking carbon from the very beginning and to continue to optimize this throughout its operational life. From the outset, within a structured management framework, we use high-quality data and scenario analysis to review current emissions profiles. From there, we develop a phased roadmap that spans short-, medium-, and long-term scales. In the short term, it is important to foster operational improvements and energy-saving devices that deliver quick wins. Medium-term strategies should include preparing for fuel flexibility and retrofits, while long-term plans align fleet renewal with life-cycle decarbonization goals.

DNV: How should companies set and monitor decarbonization targets?

Wang: Governance is critical. Set clear KPIs, monitor progress, and adjust as regulations and technologies evolve. This strict approach ensures that investments are cost-effective, compliance is maintained, and fleets remain competitive in a fast-changing environment.

DNV: There is often a perception that meaningful decarbonization requires major fuel shifts, but in reality, a lot can be achieved through smarter operations and targeted upgrades. Which operational measures and technical upgrades offer the greatest potential for immediate efficiency gains?

Wang: We believe there are many things that companies can do right now. These actions are practical, quick to start, and directly reduce costs under requirements like the EU ETS. On the technical side, upgrades such as energy-saving devices offer strong returns, especially when timed with scheduled maintenance. Companies should prioritize measures based on cost and regulatory impact, starting with those that deliver the greatest reduction in carbon intensity and compliance costs.

DNV: What additional technologies will be key to accelerating fleet decarbonization?

Wang: We found that digitalization and intelligent fleet management systems are increasingly becoming critical enablers. High-quality emissions monitoring, AI-supported voyage organization, and digital twins allow companies to make more accurate real-time decisions. This technology also creates the data foundation needed for future fuel transitions and regulatory compliance. By combining operational management, planned technical upgrades, and advanced digital tools, shipping companies can achieve meaningful progress towards decarbonization without waiting for major fuel transitions.

DNV: Looking ahead, technologies, views, and regulatory expectations will all continue to evolve, sometimes faster than expected. What are the key priorities for shipping companies? What practical advice would you offer to the industry?

Looking ahead, I think it is clear to all of us that the pace of changing regulations, technologies, and market expectations will only speed up. For shipping companies, the next phase of the net-zero transition will require not only technical solutions but also strong organizational capability. As new digital systems, alternative fuels, and smart technologies become more widely adopted, companies will face new operational and safety challenges. Ranging from data reliability to crew readiness, my core message is this: invest in your people as much as you invest in your ships, stressing capability across operations, technical management, and commercial teams. This will enable them to manage new compliance demands and operate a more complex fleet with confidence. At the same time, no company can transition alone. Industry-wide collaboration, sharing lessons and partnering across the value chain, is critical to scaling results and reducing uncertainty. The priority now is clear: building capability, adapting new technologies, and collaborating with the value chain. Companies that do this will not only stay compliant, but will also be leaders in a market where performance, safety, and sustainability are defining competitiveness.

 

Photo credit: China Merchants Energy Shipping
Published: 24 March, 2026

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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.”

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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