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DNV: How DNV Korea’s decarbonization network drives low-GHG fuel uptake

DNV shared on its Decarbonization Network for Korea, which is helping maritime stakeholders to align on low-emission fuel initiatives, and the initiatives to develop a low-GHG infrastructure in Korea.

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Ulsan Port Authority

Classification society DNV on Wednesday (6 August) shared on its Decarbonization Network for Korea, which is helping maritime stakeholders to align on low-emission fuel initiatives, and the initiatives to develop a low-GHG infrastructure in Korea:

There have been many initiatives in the Korean maritime sector in recent years to not only keep abreast of decarbonization but actually become one of its driving forces. To encourage these efforts and create synergies by helping the stakeholders coordinate their activities, DNV Korea invited companies from all parts of the Korean maritime sector to join its Decarbonization Network.

Helping the industry navigate decarbonization challenges

Established in 2022, this project provides a collaboration platform for shipyards, shipowners, charterers, ports, research facilities and financial institutions involved in decarbonization activities. In regular meetings, seminars and workshops, the members – currently 27 companies from all segments of the maritime industry – explore current trends, share insights and best practices, discuss regulatory and technical challenges, and promote the development of solutions.

“We want to use the Decarbonization Network to identify decarbonization leaders in the Korean maritime sector and provide them with crucial information to help them navigate the challenges they’re facing,” explains Jae Hun Lim, Principal Engineer and Decarbonization Expert at DNV Korea who has spearheaded the initiative. DNV puts an emphasis on educating and developing future decarbonization experts at these companies, all with the perspective of extending the network beyond national borders eventually. The practical value of the network is already evident. Members have applied insights directly to projects, such as the Vessel Technical Index (VTI), a ship performance indicator developed by DNV. After learning about VTI through network meetings, members were better prepared to respond to inquiries from charterers they received shortly after. This kind of readiness is supported by DNV’s global expert network and regional hubs, which enable faster knowledge-sharing and closer alignment with international decarbonization efforts.

A key member of the decarbonization network: Ulsan Port Authority

The Ulsan Port Authority (UPA) joined the network in December 2023. Sometimes called the “industrial powerhouse of South Korea”, Ulsan is the nation’s largest industrial port. Its expansive tank terminal cluster serves as a bunkering supply base for other ports in south-eastern Korea. Ulsan is also a major shipbuilding centre, and home to the headquarters of HD Hyundai Heavy Industries Co., Ltd. With huge industrial complexes right at the port and in its immediate hinterland, Ulsan is in an ideal position to put its weight behind industry efforts to build a global green ship fuel supply chain. The port is working on expanding and partially converting its liquid cargo hub for low-GHG fuels.

As a key player in Korea’s decarbonization efforts, UPA is a welcome addition to the network, says Jae Hun Lim. “UPA was the world’s first port to implement a green methanol bunkering system and began supplying green methanol to ships recently,” he says. “Ulsan has pioneered the use of hydrogen as fuel and is in the process of establishing a facility for bunkering bio ammonia.”

Establishing a Green Corridor across the Pacific Ocean

In April 2025, South Korea and the United States agreed to establish a green shipping corridor between the two nations as of 2027. Supported by various public and private entities including the Busan and Ulsan port authorities, the project roadmap includes the development of infrastructure and a supply base for alternative marine fuels, mainly ammonia and green methanol.

“Ulsan’s role is to make sure the right infrastructure is in place,” says Soon-Yo Jeong, Vice President of Operations at the Ulsan Port Authority. “We’re focusing on bunkering systems for methanol and ammonia, and on developing safe and clear standard operating procedures.”

In 2023, Ulsan Port was selected as a strategic hub for eco-friendly marine fuels under the South Korean government’s Alternative Marine Fuel Supply Chain Development Plan, adds Jeong: “We see this as both a responsibility and an opportunity.”

Note: The full article by DNV can be read here

 

Photo credit: Ulsan Port Authority
Published: 11 August, 2025

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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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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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