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ABS research: Carbon capture, new bunker fuels and energy efficiency are the path to net zero

ABS’ latest research concluded that the industry will need to accelerate investment in carbon capture technology, energy efficiency technologies and new fuels to achieve net zero by 2050.




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Classification society ABS on Monday (11 September) released a report on its latest research into shipping’s progress on the green energy transition.

The report, Beyond the Horizon: View of the Emerging Value Chains, concluded that the industry will need to accelerate investment in carbon capture technology, energy efficiency technologies and new bunker fuels to achieve net zero by 2050.

Released at the ABS Sustainability Summit during London International Shipping Week, the report examines in depth the carbon, ammonia and hydrogen value chains. 

“Our findings show there is a significant amount of work to be done between now and 2050 if we hope to hit net zero. But crucially, our research shows it can be done, and maps out a pathway for the industry to get there,” said Christopher J. Wiernicki, ABS Chairman and CEO. 

“Simply put, for shipping’s CO2 emissions to reach net zero, we will need to harness the potential of energy efficiency improvement technologies to reduce aggregate fuel consumption by 15 percent on the existing fleet and newbuild vessels. At the same time, we will need carbon capture rolled out across much of the oil burning fleet, reducing onboard CO2 emissions by 70 percent. Those that do not or cannot adopt carbon capture will need to switch to e-diesel or zero-carbon biofuels.”

Vessels with conventional single-fuel engines will still be constructed until well into the next decade. As a result, widespread adoption of retrofitting of energy-saving and carbon capture technologies will be required for the shipping industry to meet its targets.

The report also considers the obstacles and opportunities for adoption of alternative marine fuels and the actions shipowners must take in order to secure their future fuel supply chain. Growing demand for higher volumes of synthetic and green bunkers will be matched by competition for these fuels by other industry sectors.

As a result, it will be essential that shipping companies demonstrate to bunker fuel producers that sufficient demand exists to justify investment in production, pooling their buying activity in order to secure sufficient volumes.

The research highlights how shipping will play a pivotal role in the global clean energy transition.

“As the marine industry looks ahead and dives deeper into the complexities of these three value chains, the ABS Outlook makes it clear that maritime is more than a spectator in the global green energy revolution. Instead, it serves as a critical facilitator and enabler. The transportation of carbon, ammonia and hydrogen as cargo highlights the industry's significance in bridging the global energy landscape's gaps between production, storage and consumption,” said Wiernicki.

The Outlook models scenarios for the impact of decarbonization of the global economy on seaborne trade and the potential for shifting patterns of trade to reshape the global fleet. This includes falls in the aggregate share of the oil and chemical tanker and dry bulk carrier sectors and a growth in the containership sector measured in gross tonnage terms.

The transition to low and ultimately net-zero carbon operations will require substantial investment that may change the dynamic of shipping’s commercial relationships. But in the longer term, shipping operations will benefit from reduced fuel use, lower emissions, higher asset values and simplified regulatory compliance.

Considering the characteristics of the alternative fuels being considered by the maritime industry, it is clear that safety procedures and protocols as well as seafarer training will also need to evolve, the report concludes.

Note: A copy of the ABS 2023 Outlook, Beyond the Horizon: View of the Emerging Value Chains, is available for download here.

Photo credit: ABS
Published: 13 September, 2023

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Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.






Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker


Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.






Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.


Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.





Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.


Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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