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DNV Industry Insights: Digital support for low-carbon bunker fuel supply chains

DNV’s Martin Wold answers key questions about the Alternative Fuels Insight (AFI) and Fuelboss platforms that support shipping’s energy transition.

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Classification society DNV on Thursday (31 March) published an article on its Maritime Impact platform featuring an interview with Martin Wold, Principal Consultant at DNV, Maritime Advisory, who answers key questions about its Alternative Fuels Insight (AFI) and Fuelboss online tools that support shipping’s energy transition.

The interview discusses current and future bunkering options on the back of a growing LNG-powered fleet and new emerging alternative fuels.

DNV: DNV offers the Alternative Fuels Insight (AFI) platform and the FuelBoss tool. Could you provide a brief description of both platforms?

MW: The AFI platform was developed to provide a comprehensive and up-to-date overview of, and insight into, the ongoing energy transition in shipping. With currently more than 8,000 users, it gives decision support to all types of industry stakeholders. The bunkering infrastructure and the availability of alternative fuels are essential to support the decarbonization of shipping, and having a reliable and comprehensive source of information is key to supporting and accelerating the energy transition. This is one of our contributions to help solve the chicken-and-egg problem. FuelBoss is focused on fully digitalizing the procurement of green fuels for shipping including bunkering operations, starting with LNG. FuelBoss is a fully digital and collaborative platform for LNG fuel suppliers and shipowners. It facilitates the entire LNG bunkering process from nomination placement to the signing of the Bunker Delivery Note (BDN), including electronic checklists and digital BDN signatures.

DNV: What are the main benefits for subscribers of AFI or FuelBoss?

MW: Keeping track of all bunkering options and planning for all relevant alternative fuels is more than a full-time job. With AFI you get all this consolidated and detailed information presented on user-friendly dashboards and in map views, most of it free of charge. The premium subscription, which delivers the full details, is particularly useful for fuel suppliers, equipment makers and consultants. FuelBoss is a highly efficient platform for established suppliers to operationalize their entire LNG contract portfolio, and for buyers to get easy and direct access to the majority of LNG suppliers worldwide using one common interface across different suppliers. FuelBoss captures operational data and makes it available for analysis to improve operational efficiency. It cuts bunker times and improves bunker vessel utilization, makes the process more efficient for crews and back offices, and supports order-to-cash systems. For new suppliers FuelBoss is also a very valuable “starter kit” with proven recommended practices including operational documents and templates. Comprehensive market insights incorporating AIS data enable suppliers to monitor the market and identify near-term opportunities.

DNV: Who should subscribe to which platform and why?

MW: AFI is the industry’s most comprehensive knowledge hub for alternative fuels and technologies. It is a great tool for anyone working on or interested in alternative fuels and decarbonization of shipping, in particular those considering fuel options for newbuilds or investing in bunkering infrastructure for alternative fuels. Information about the availability of alternative and future fuels is key input for decision-making. FuelBoss is of particular interest to all shipping companies operating or ordering LNG-fuelled ships as well as all LNG suppliers. The high supply chain costs of alternative fuels make efficient procurement and utilization a must to stay competitive. The biggest saving potential lies in the interaction between the supplier and the buyer, the bunker vessel and the receiving vessel. This is why we strive for a common industry approach to digitalization. Our platform approach also supports the new phase of the LNG bunker market with significantly more suppliers and buyers in the game, higher requirements for trading area flexibility and increasing competition.

DNV: What further developments on these platforms can subscribers expect?

MW: As for AFI, we intend to expand the coverage of alternative fuels and associated bunkering infrastructure. For the medium term, we are exploring a couple of completely new features and tools to support the industry in evaluating its options. As the active user base of FuelBoss grows beyond Europe, we will expand the platform to cover bunkering in Singapore and North America, including new safety checklists, unit conversions, etc. To further support efficient planning, operations and back-office activities we are also working on implementing vessel ETA predictions, API integration of onboard IoT sensors as well as supplier order-to-cash systems and buyer procurement systems. We will also roll out some tools to support procurement processes. Customers will shortly see a bunker availability map, indicating exactly which suppliers have a track record in which areas. Working closely with external partners, we also intend to make a price feed available so users can keep track of the latest fuel price developments. Then there are plans to support a fully digital work process for bunkering hydrogen and methanol in response to requests from the market. We are fully committed to supporting the development of any green fuel for shipping and there are now a handful of projects coming online.

DNV: What uptake of LNG bunkering do you expect for the next two to three years?

MW: In spite of the grim short-term outlook for the LNG bunker market, with record high gas prices and dual-fuel vessels taking advantage of their fuel flexibility, the medium- and long-term outlook is really quite exciting for LNG suppliers. There is a real step change in growth happening at the moment, with a significant amount of buyers and suppliers entering this space. Over the next three years the number of ships on the water will triple, with mainly large ships being delivered. The LNG bunker market will grow to more than 6 million tonnes per annum by 2025, equivalent to nearly 3% of the global marine fuel market. Half of that volume is added by ships ordered in 2021 alone. Simple extrapolation will tell you that a share of 10% in the global LNG bunker market by 2030 is well within reach. Whether or not the order boom of 2021 will continue remains to be seen, but there have been no signs of a slowdown in Q1. Owners are seeing CII and other greenhouse gas regulations as incentives to switch to lower-carbon fuels a few years into a newbuild’s lifetime. Right now there aren’t really any other mature options other than LNG.

About Martin Wold, Principal Consultant at DNV, Maritime Advisory

Martin was the original Product Manager for AFI. He is now Product Manager for FuelBoss and fully dedicated to establishing a common industry platform for the LNG bunkering of ships. Martin has more than a decade of experience in alternative fuels for shipping, especially LNG. In his career he has, amongst other things, been supporting numerous owners and charterers with feasibility assessments of various alternative fuels and he is managing the application review for the Norwegian NOx Fund.

 

Photo credit: DNV
Source: DNV Maritime Impact
Published: 31 March, 2022

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Decarbonisation

SMW 2024: Maritime industry on track to adopt mid-term decarbonisation measures, says IMO chief

Safety, inclusion and transparency will be key areas for Mr Arsenio Dominguez’s tenure as Secretary-General of the International Maritime Organization.

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SMW 2024: Maritime industry on track to adopt mid-term decarbonisation measures, says IMO chief

The article ‘Maritime industry on track to adopt mid-term decarbonisation measures: IMO chief’ was first published on Issue 1 of the Singapore Maritime Week 2024 Show Dallies; it has been reproduced in its entirety on Singapore bunkering publication Manifold Times with permission from The Nutgraf and the Maritime and Port Authority of Singapore:

Toh Wen Li
[email protected]

The maritime industry is “on track” to roll out decarbonisation measures by 2025 as set out by the International Maritime Organization, said its new chief Arsenio Dominguez.

“We are on track to adopt mid-term measures by late 2025 to cut greenhouse gas (GHG) emissions, to reach net zero targets,” said Mr Dominguez, who took over as IMO Secretary-General in January.

In 2023, the IMO released a revised GHG strategy to reach net-zero emissions from shipping by or around 2050 – far more ambitious than its 2018 initial GHG strategy, which aimed only to cut emissions by at least 50 per cent compared to 2008.

“These will help us progress towards achieving netzero GHG emissions by or around 2050, with indicative checkpoints to reach by 2030 (cut GHG emissions by at least 20 per cent, striving for 30 per cent), and 2040 (cut GHG emissions by at least 70 per cent, striving for 80 per cent).”

Mr Dominguez, who will be speaking on the opening day of the 18th edition of SMW, also emphasised the need to keep seafarers safe against the backdrop of heightened geopolitical tensions. He said the attacks on ships in the Red Sea have far-reaching economic implications.

“Prolonged disruptions in container shipping could lead to delayed deliveries, high costs, and inflation. Energy security and food security could potentially be affected due to increased prices,” he said.

“These attacks pose serious threats to global maritime security, as well as the security and maritime trade for the coastal states in the region,” he said, calling out the Red Sea attacks as “categorically unacceptable”. But he remains confident that the industry will continue to stay resilient. “I trust that shipping organisations and Member States alike will come together in the relevant IMO fora to seek collaboration and look for solutions together.”

Mr Dominguez also pledged to create a more inclusive IMO, one that is more gender-balanced in an industry that has long been dominated by men.

“I have appointed a gender balanced senior management team and initiated a policy of refraining from participating in panels or events unless gender representation is respected. I encourage the maritime community to follow this example,” he said.

He added that the IMO will also strive to fulfil its mandate as the world’s regulator for international shipping; support IMO’s 176 Member States, particularly Small Island Developing States and Least Developed Countries; raise public awareness of IMO’s impact; and adopt a “people-centred approach”.

“My vision is for IMO to flourish as a transparent, inclusive, and diverse institution,” he said. 

Singapore can ‘shine a light on the way forward’

Key maritime hubs like Singapore can play a key role as the industry pushes ahead in its quest to decarbonise, said International Maritime Organization’s (IMO) Secretary-General, Mr Arsenio Dominguez.

“Singapore is (in) a great position to participate in trials and pilots to show what works, including routebased actions – and share results of any trials back to IMO,” he said.

The green transition poses a slew of fresh considerations for the maritime sector. A major bunkering hub such as Singapore will need to look at making changes to infrastructure to deliver new fuels.

Other considerations for the industry include safety, pricing, lifecycle emissions, supply chain constraints, barriers to adoption and more, added Mr Dominguez. Seafarers, too, will need to be trained in how to operate new technology safely.

“We need ‘early movers’ in the industry as well as forward-looking policy makers to take the necessary risks and secure the right investments that will stimulate long-term solutions for the sector,” he said.

Singapore Maritime Week is a chance for key stakeholders to “have the conversations and discussions that can formulate ideas and bring new solutions”, Mr Dominguez said.

Now, more than ever, collaboration will be crucial. “The experience of critical maritime hubs like Singapore can help shine a light on the way forward for many issues. Here the IMO can play a role in providing opportunities for Singapore and other maritime hubs to share their expertise with all Member States. Shipping is global – no single country can go it alone.” 

Singapore Maritime Week 2024 was organised by Maritime and Port Authority of Singapore from 15 to 19 April. 

 

Photo credit: International Maritime Organization
Article credit: The Nutgraf/ Maritime and Port Authority of Singapore
Published: 23 April, 2024

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MoU

IBIA and BIMCO to collaborate on bunker fuel and maritime challenges

Both will collaborate in areas including research initiatives, studies, and projects relevant to bunker or marine energy industry and maritime sector as well as training and education.

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IBIA and BIMCO to collaborate on bunker fuel and maritime challenges

The International Bunker Industry Association (IBIA) and BIMCO on Monday (22 April) said they have signed a Memorandum of Understanding (MoU) to collaborate on some of the monumental challenges and opportunities within the areas of bunker, marine energy and maritime sectors and help facilitate shipping’s decarbonisation efforts.

The parties have agreed to leverage their respective expertise and resources to develop innovative solutions and initiatives to facilitate the transition towards cleaner fuels and efficient and sustainable shipping practices. The partnership MOU will focus on addressing the following key areas:

Research and Development: Collaborate on research initiatives, studies, and projects relevant to the bunker/marine energy industry and maritime sector.

Information Sharing: Share relevant information, publications, and data that may be beneficial to the members of both organisations.

Training and Education: Explore opportunities for joint training programs, seminars, and educational initiatives to enhance the knowledge and skills of professionals in the maritime and bunker/marine energy industry.

Influence: Work together on efforts to address common issues and challenges faced by the industry.

Alexander Prokopakis, Executive Director of IBIA, said: “This partnership between IBIA and BIMCO marks an important step towards addressing the pressing challenge of decarbonisation in the shipping industry. The collaboration underscores the industry’s collective commitment to navigating towards a greener future for maritime operations.”

David Loosley, BIMCO Secretary General & CEO, said: “As we work towards the checkpoints and targets of the updated GHG strategy of the IMO, working across all sectors that influence and support decarbonisation of shipping will be key. Our ships will be relying on many different fuel solutions in the process and working toward the safety and availability of those is crucial.” 

IBIA and BIMCO are committed to driving progress towards a more sustainable and environmentally responsible future for the global shipping industry.

 

Photo credit: IBIA and BIMCO
Published: 23 April 2024

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Biofuel

Peninsula and NYK collaborate on B30 biofuel bunkering op in Zeebrugge

Peninsula barge “New York” delivered 1,200 mt of B30 bio bunker fuel to “Garnet Leader”, a NYK vehicle carrier on 24 March in Zeebrugge, Belgium.

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Peninsula and NYK collaborate on B30 biofuel bunkering op in Zeebrugge

Marine fuel supplier Peninsula on Monday (22 April) announced the successful conclusion of the first B30 biofuel supply deal in Zeebrugge, Belgium, in collaboration with the Japanese shipping company, Nippon Yusen Kabushiki Kaisha (NYK). 

The deal, which marks a significant milestone in sustainable fuel distribution, saw the delivery of 1,200 metric tonnes (mt) of B30. 

The delivery, executed on 24 March involved the vessel Garnet Leader, a NYK vehicle carrier. 

Peninsula's barge New York, played the role of ensuring the transportation and delivery of the biofuel to its destination in Zeebrugge.

Kaori Takahashi, General Manager of NYK’s Fuel Group, said: “NYK is proud to collaborate with Peninsula in this pioneering supply of B30 biofuel, which underscores our dedication to environmental sustainability and innovation in the maritime sector.”

“By leveraging sustainable biofuels like B30, we are taking meaningful strides towards reducing greenhouse gas emissions.”

“NYK remains dedicated to driving positive change within the industry while meeting the evolving demands of our customers and stakeholders.”

B30 biofuel, a blend comprising 30% ISCC EU certified sustainable UCOME, which is biofuel derived from Used Cooking Oil, offers a promising avenue reducing GHG emissions by 84%, thus mitigating the environmental impact of maritime operations. 

By using biofuel technology, Peninsula continues to pave the way for a greener future while simultaneously meeting the evolving needs of the shipping industry.

Peninsula's Head of Biofuels Desk, Nikolas Nikolaidis, said: "As the maritime industry, along with prominent players like NYK, intensifies their adoption of Sustainable Marine Fuels (SMF), the accessibility of such solutions grows in significance.”

“Peninsula is committed to collaborating closely with our established clients and partners to deliver SMF solutions where demand is highest.”

“Peninsula is broadening its biofuel supply network, positioning itself as the leading physical marine fuel supplier to offer comprehensive biofuel solutions across multiple regions and ports for our customers."

 

Photo credit: Peninsula and NYK
Published: 23 April 2024

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