Connect with us

IMO 2020

DHT Holdings: Scrubbers not ‘long-term solution’

“We expect the market really to consume compliant fuel and we understand from some of the larger refiners that they do have that fuel available,” says Co-CEO.

Admin

Published

on

5a7d49dce0f8f 1518160348

The use of scrubbers to meet upcoming 2020 sulphur regulations is not a viable solution, says both Co-CEOs of independent crude oil tanker company DHT Holdings.

“I think fundamentally we don’t think scrubbers is a long-term solution due to the loss of regulation,” said Svein Moxnes Harfjeld during an earnings call transcribed by Seeking Alpha.

“But of course they could be an opportunity for a ship with an ideal dry dock position before this event maybe you can make a good pay back in a year or two.

“But this is really not high up in our agenda.”

According to Harfjeld, the company is looking at the installation cost of scrubbers and more.

“But we expect the market really to consume compliant fuel and we understand from some of the larger refiners that they do have that fuel available and -- but it will have a price.

“So that’s really a game plan if you like and the cost of this we will have to be borne by the end users.”

Meanwhile, Trygve Munthe points out the company has not seen any other shipping firms “pulling the trigger” to get scrubbers installed on their whole fleet.

“Of course we’ve made our customers aware that we have ships coming with scrubbers, and people are looking at this and studying it. But it still have -- almost a couple of years ahead,” he says.

“So we haven't really seen anybody pulling the trigger to make any quick decisions on this with the exception of one customer that one big oil company that we understand are now in the process of taking maybe up to a handful of ships with scrubbers for '19 delivery.”

DHT Holdings currently operates 23 VLCC and two Aframax vessels, with four VLCCs under construction. The company’s total managed deadweight tonne is 8.6 million dwt.

Photo credit: DHT Holdings
Published: 9 February, 2018
 

Continue Reading

Shipping Corridor

UK-Ireland green shipping corridor initiative receives grant funding

Green Corridor initiative, a collaboration between the ports of Dublin and Holyhead with Irish Ferries and Stena Line, has received EUR 143,621 in grant funding from International Green Corridor Fund.

Admin

Published

on

By

UK-Ireland green shipping corridor initiative receives grant funding

Dublin Port on Thursday (17 October) announced the Green Corridor initiative, a collaboration between the ports of Dublin and Holyhead with leading ferry operators, Irish Ferries and Stena Line, has received EUR 143,621 (USD 155,954) in grant funding from the International Green Corridor Fund towards the total project investment.

A Green Corridor initiative, aiming to establish a zero-emission shipping route between Dublin and Holyhead, has moved one step closer following a funding boost from the International Green Corridor Fund.

‘Greening the Irish Sea – The Central Corridor’ is led by ferry operators, Irish Ferries and Stena Line, and supported by Ricardo environmental consultancy in partnership with key stakeholders and is designed to explore the feasibility of a green shipping corridor between Dublin Port and the Port of Holyhead. 

The Holyhead-Dublin trade route is the busiest roll-on/roll-off routes between the UK and Ireland. In 2022, nearly 1.5 million people travelled this route, with over 6,000 sailings accounting for more than 74% of all ferry passenger movements between the two countries. 

The ports of Dublin and Holyhead serve as key economic gateways, handling a significant volume of trade, with Dublin Port handling 83% of RoRo freight and 72% of ferry volumes into Ireland. This study aims to advance the decarbonisation of this critical trade artery.

The stakeholder group, which also includes Dublin Port Company and Holyhead Port Authority, the EDF R&D team and academic partners Maynooth University, will use the funding to assess the suitability of the Holyhead-Dublin route as a green shipping corridor.

Detailed assessments of existing landside and vessel infrastructure will be conducted, accompanied by economic and environmental impact analysis.The initial focus will be on vessels operated by Irish Ferries and Stena Line and the potential for e-methanol as an alternative fuel, although the feasibility of other alternative fuels will also be considered.

Outputs will include assessments of the potential low-carbon energy pathways; a detailed exploration of the regulatory and policy measures that could support the green shipping corridor; and a business case containing project timescales, cost-benefit projections, and delivery plan.

The six-month study commences now in October 2024 and if established, the Green Shipping Corridor (GSC) between Holyhead and Dublin will be the first green route to operate between the UK and Ireland.

 

Photo credit: Stena Line
Published: 21 October 2024

Continue Reading

LNG Bunkering

SEA-LNG: Active LNG-fuelled vessels account for more than 2% of global shipping fleet

Industry coalition says once the order book is taken into account, this number increases to 4% by vessel numbers or 6% by deadweight tonnage.

Admin

Published

on

By

RESIZED Venti Views on Unsplash

Industry coalition SEA-LNG on Tuesday (8 October) reported that active LNG-fuelled vessels now account for more than 2% of the global shipping fleet. 

Once the order book is taken into account, this number increases to 4% by vessel numbers or 6% by deadweight tonnage (DWT). Almost every day brings new announcements of fleet owner investments in LNG-fuelled vessels.  

Numbers have grown from 21 LNG-fuelled vessels in operation in 2010, many of them smaller ships operating regionally, to 590 in operation globally today, including the world’s largest container ships twice the size of any operating in 2010. 

With a further 564 on order, the total number of LNG-powered vessels in operation by the end of 2028 will be 1,154. Added to these are 772 LNG carriers in operation, with a further 341 on order at the end of 2023. This means that over 2,000 of the world’s 60,000 largest vessels are LNG-powered. 

In addition, according to DNV, LNG dual-fuel vessels make up one third of the new build order book. If DWT is used, the LNG-powered fleet in operation and on order of 142.5Mt DWT represents 6% of the world’s total 2,224 Mt DWT.

Peter Keller, Chairman, SEA-LNG, said: “It is gratifying that LNG is finally gaining favour amongst so many shipowners. LNG is the only practical and realistic alternative fuel pathway available today – even for those shipowners that may also be considering other such pathways.”

“While we have always said that a basket of fuels will be required for shipping to meet the 2050 emissions reduction targets, the rationale for the LNG pathway remains unchanged.”

“The LNG pathway using liquefied biomethane and eventually hydrogen-based e-methane currently provides the only viable option to making progress towards 2050, starting with immediate carbon reductions, now. LNG also continues to help solve critical local emissions and health related environmental concerns.”

In support of this expansion in LNG dual fuel vessels, SEA-LNG said LNG bunkers are currently available in 185 ports, with an additional 50 being added next year. 

“The bunkering vessel fleet has increased from a single vessel in 2010 to 60 in operation today, with a further 13 on order and significant interest in the maritime community to continue to invest in these needed assets,” it added. 

 

Photo credit: Venti Views on Unsplash
Published: 8 October, 2024

Continue Reading

Shipping Corridor

South Korea reviews proposal of green shipping corridor bill

‘Bill’s explicit inclusion of zero-carbon ships is important because it prevents LNG ships, often falsely labelled as eco-friendly, from being used in green shipping corridors,’ says John Yum of SFOC.

Admin

Published

on

By

Lauren Seo on Unsplash

Korean non-government organisation Solutions for Our Climate (SFOC) on Friday (4 October) said 15 members of the National Assembly, led by legislator Dae-rim Moon, introduced the Special Act for Supporting the Establishment of Green Shipping Corridors.

SFOC said the bill, which explicitly outlines support for establishing green shipping corridors, is the first of its kind globally. 

“In light of growing international interest in green shipping corridors, the bill holds significant meaning both domestically and internationally,” it said on its website.

It highlighted the two most important aspects of this bill are as follows: 

  • It explicitly states that zero-carbon ships must be deployed on green shipping corridors. 
  • The government can support businesses in the shipping and shipbuilding industries that sign memorandums of understanding (MOUs) related to green shipping corridors. 

“If this bill is passed, we can expect a reduction in greenhouse gas emissions in both domestic and international shipping through the expansion of green shipping corridors beyond the existing plan between the eastern ports of South Korea (Busan, Ulsan, Masan) and the U.S. northwestern ports (Seattle, Tacoma, Everett),” SFOC said.

“This will also help maintain the competitiveness of the shipping and shipbuilding industries into the mid-21st century.”

John Yum, Shipping Lead at Solutions for Our Climate (SFOC), said: “In a time when the climate crisis is accelerating, carbon neutrality in shipping is of great importance. Green shipping corridors are a significant policy mechanism because they not only prevent carbon emissions domestically but also contribute to eliminating emissions during the shipping process between countries.”  

“The Special Act for Supporting the Establishment of Green Shipping Corridors is a positive step towards reducing emissions in shipping. Particularly, the bill's explicit inclusion of 'zero-carbon ships' is important because it prevents LNG ships, often falsely labelled as eco-friendly, from being used in green shipping corridors.”  

“Whether this bill is successfully passed by the National Assembly will impact South Korea’s ability to achieve national carbon neutrality targets for shipping.”

“While more than 40 green shipping corridors have been announced worldwide, South Korea’s new bill is the first global example of national legislature being introduced to regulate the parameters of green shipping corridors.”

“This case serves as a global example for other countries currently implementing or seeking to introduce green shipping corridors, particularly in terms of ensuring that fossil-fuel based false-solutions such as LNG are not included in these decarbonisation efforts.”

 

Photo credit: Lauren Seo on Unsplash
Published: 7 October, 2024

Continue Reading
Advertisement
  • v4Helmsman Gif Banner 01
  • Consort advertisement v2
  • RE 05 Lighthouse GIF
  • SBF2
  • EMF banner 400x330 slogan
  • Aderco advert 400x330 1

OUR INDUSTRY PARTNERS

  • Singfar advertisement final
  • Triton Bunkering advertisement v2
  • SEAOIL 3+5 GIF
  • 102Meth Logo GIF copy
  • HL 2022 adv v1


  • PSP Marine logo
  • metcore
  • E Marine logo
  • Energe Logo
  • Synergy Asia Bunkering logo MT
  • Auramarine 01
  • Mokara Final
  • endress
  • intrasea
  • Innospec logo v6
  • Advert Shipping Manifold resized1
  • VPS 2021 advertisement
  • Headway Manifold
  • 400x330 v2 copy

Trending