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DNV: Green fuels and feedstocks to drive over 25% of Asia Pacific emissions reductions by 2050

Latest whitepaper reveals green fuels and feedstocks, including hydrogen, ammonia, sustainable fuels and carbon sequestration, will be responsible for over 25% of emissions reductions in Asia Pacific by 2050.

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Classification society DNV on Wednesday (29 October) said it launched its latest white paper assessing the role of new energy commodities in achieving net zero in Asia Pacific. 

According to the whitepaper, green fuels and feedstocks, including hydrogen, ammonia, sustainable fuels and carbon sequestration, will be responsible for over 25% of emissions reductions in Asia Pacific by 2050.

While most of the region’s net zero transition will be achieved through electrification and the expansion of renewable energy, the latest research from the independent energy expert and assurance provider finds new energy commodities (NECs) will be vital for decarbonizing six sectors: aviation, maritime, steel, power, industrial chemicals and cement.

Together, these clean fuels will significantly enhance sustainability in the region, accelerating economic development and supporting growing populations, while the increased selection of energy sources will also increase resilience to global price shocks and supply shortages.

Building on DNV’s Energy Transition Outlook, The role of new energy commodities in decarbonizing Asia Pacific, has been launched during the Asia Clean Energy Summit (ACES), held in conjunction with Singapore International Energy Week (SIEW) 2025.

Amid recent uncertainty surrounding market stimulus for hydrogen and its derivatives – resulting in project delays and slowed investment – DNV’s report aims to spotlight the scale of opportunity by offering practical guidance to unlock potential, such as the industry-led harmonization of standards and certification frameworks, enabling technical interoperability and market access.. 

Brice Le Gallo, Vice-President and Regional Director, Asia Pacific, Energy Systems at DNV, said: “Reaching net zero won’t be possible without NECs, especially in Asia-Pacific where diverse solutions are needed due to the region’s geography. Hydrogen, ammonia, sustainable fuels, and carbon capture are essential for industries that are hard to decarbonize. Without expanding NECs, these sectors risk falling behind.

“Our study shows that scaling up these technologies will change how energy is traded across the region and will need major investment, strong partnerships and bold innovation. The transformation ahead is huge and both governments and businesses must rise to the challenge.”

Geographical imbalances between countries with cost-efficient supply and those with concentrated industrial demand mean that international trade will play a pivotal role in future APAC energy markets. 

DNV expects 81% of NECs to be traded and, as a result, scaling these fuels will require pragmatic mechanisms for cross-border interoperability across the region. 

By 2050, Japan, South Korea and Singapore are expected to be among the largest NEC consumers in APAC, but limited domestic supply will make them heavily reliant on imports. 

Australia, meanwhile, is well-positioned to lead in meeting regional demand, though emerging regional and international producers are rapidly scaling up and could become strong competitors in the future. 

Thomas Koller, Regional Hydrogen, Ammonia and Sustainable Fuels Lead, Asia Pacific, Energy Systems at DNV, said: “Within the region’s diverse range of countries, six key industries (aviation, maritime, steel, power, industrial chemicals and cement) will depend heavily on NECs to achieve deep decarbonization.”

“From sustainable aviation fuel in the skies to ammonia and methanol powering ships in Singapore, and hydrogen driving green steel, each sector has a clear pathway. Carbon capture and storage (CCS) will also play a critical role, particularly for steel and cement, where direct electrification is not yet feasible.”

Meeting demand from these sectors will require extensive new infrastructure across APAC, including some 12 billion solar panels and 2.7 million wind turbines by 2050 – equivalent, for example, to nearly 240 times the current combined solar and wind capacity of Australia.

In addition, 189 new ports and 1,221 carriers need to be built to support new energy commodity production and trade in the region. 

DNV’s research pinpoints three strategic priorities to accelerate adoption of new energy commodities across APAC, including building resilient regional supply chains through infrastructure investment and aligned standards. Focus must also be given to managing biomass resources in aviation and maritime through balanced, flexible strategies, as well as enabling carbon capture and storage  for hard-to-abate industries by strengthening market signals with carbon pricing, mandates and certification frameworks.

Le Gallo added: “The energy transition is already happening, with emissions expected to peak this year. To meet APAC’s climate goals, we need to completely rethink how energy is made, moved and used.

“Strong policies across all countries are crucial to speed up the use of new energy sources and tackle challenges like high costs, lack of infrastructure and inconsistent standards. Full regional alignment is tough, but practical cooperation between countries can help scale up industrial decarbonization.”

Note: The full report titled ‘The role of new energy commodities in decarbonizing Asia Pacific’ can be downloaded here.

 

Photo credit: CHUTTERSNAP on Unsplash
Published: 30 October, 2025

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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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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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