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DNV and Veracity become key enablers in BHP’s Scope 3 maritime emissions strategy

Veracity collects data from charterer’s enterprise system; it validates, processes and quality-assures data according to the schemes agreed upon with BHP.

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DNV and BHP on Friday (1 April) announced a partnership focusing on the use of DNV’s independent cloud platform, Veracity, to enable timely and accurate greenhouse gas (GHG) emissions reporting, management and insights from BHP’s chartered vessels.

The project aims to support BHP in its ongoing efforts to see Scope 3 GHG emissions from its chartered vessels reduced.

Commodity producers and vessel charterers are increasingly understanding the need to report, influence and support the reduction of Scope 3 GHG emissions occurring in their value chains. This creates the need for a sound strategy and fit-for-purpose digital solution to support the journey towards net-zero GHG emissions.

The improved transparency resulting from the introduction of the International Maritime Organization’s GHG emission reporting scheme combined with automatic and daily GHG emission reporting capabilities are key enablers for the service offered. Consequently, DNV has built a standardised solution on Veracity tailored to Scope 3 GHG emissions management.

DNV’s solution is aimed at vessel charterers and commodity producers and will be implemented by BHP for all of its maritime freight operations. Combining this with DNV’s extensive maritime domain and regulatory competency, BHP will be well-positioned to receive the support it needs, from gaining a trusted overview of the GHG emissions footprint of its maritime freight operations to receiving technical guidance on aspects of its Scope 3 GHG emissions reduction strategy.

BHP’s Head of Maritime Sustainability and Supply Chain Excellence, Sarah Greenough, highlighted BHP’s long-standing relationship with DNV, declaring this latest partnership as essential to elevating the sustainability standards and actions for its maritime freight operations. It also underscores the importance that BHP and its customers place on long-term sustainability transparency and progress across the supply chain.

“BHP recently announced a goal to pursue net zero Scope 3 emissions by 20501 and DNV’s Veracity platform will be a key enabler in our maritime decarbonisation journey,” said Greenough.

“Veracity creates visibility and assurance of the GHG emissions reported by vessel owners and operators in our supply chain. The platform will enable us to have more targeted conversations on decarbonisation and compliance, analyse performance against industry benchmarks and measure progress towards our Scope 3 goals. DNV’s regulatory experience and industry reach, and Veracity’s leverage of verified and quality-assured emissions data for more than 10,000 vessels, made them a logical partner of choice.”

“We expect this partnership with DNV, along with our other commitments and actions on sustainability, will become a competitive advantage in creating more sustainable products and value chains, and deliver greater transparency to our customers and ecosystem,” Greenough added.

Knut Ørbeck-Nilssen, CEO of DNV Maritime, said: “For many companies, a significant share of greenhouse gas emissions associated with their businesses occurs within their value chains and can represent a blind spot when it comes to holistic emissions reporting. But if these emissions can be measured then they can be managed and, crucially, reduced. As a forward-looking company, BHP recognizes this, and we are delighted that they have chosen DNV and Veracity as its partners on this critical step towards decarbonization and compliance.”

Veracity’s Executive Director, Mikkel Skou compliments BHP for the dry bulk charterer’s clear decarbonization ambitions for activities in its value chain and for the use of data-driven reporting to help reach its goals.

“It is impressive to see the determination with which BHP is working towards carbon neutral maritime operations. Being one of the world’s largest dry bulk charterers, BHP has the opportunity to influence action in the global industry where emissions are difficult to abate. It is a perfect fit with our ambition to be a trusted partner in industry digitalization and with DNV’s long-standing position in the field of maritime decarbonization,” says Skou.

The solution that DNV is providing to BHP collects data from the charterer’s enterprise system. It then validates, processes and quality-assures the data according to the schemes agreed upon with BHP. This enables production of trusted Scope 3 GHG emission reports as required for BHP’s external reporting.

However, this creates new requirements of trust in data, data standardization and access to data. In addition, many organizations will need to fill in the gaps, where data is unobtainable or of insufficient quality.

With DNV’s vast maritime database, sophisticated data models and maritime domain expertise, the company uses analytics models to predict the data that is missing, enabling customers to create a complete, transparent and trustworthy report on Scope 3 GHG emissions.

“We believe most commodity producers and charterers face the same challenges as BHP with regards to data availability and quality, including the need for a holistic approach to strategies for Scope 3 emission reduction. It is therefore DNV’s ambition to continue investing in these solutions,” said Skou.

 

Photo credit: DNV / BHP
Published: 4 April, 2022

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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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