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FuelTrust: How you can accurately measure bunker fuel emissions to ensure ESG compliance

Digital technology can help measure bunker fuel emissions more accurately and help owners and operators demonstrate regulatory compliance, and manage fuel quality.

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FuelTrust, marine fuel tracking solutions provider, on Friday (17 March) published an article on how a digital technology can help measure bunker fuel emissions more accurately, help owners comply with regulations related to emissions and manage marine fuel quality: 

By Darren Shelton

Regulatory systems for monitoring and measuring emissions base their enforcement programs on generalized calculations, but these may only approximate a vessel’s true emissions. Using digital technology we can measure bunker fuel emissions more accurately and help owners and operators demonstrate regulatory compliance, pay only for the emissions they emit, and manage fuel quality in an increasingly complex marine fuel ecosystem.

The shipping industry’s ambitions for decarbonization are rapidly evolving and accelerating. In April, signatories to the Poseidon Principles will meet to decide whether they adopt a commitment to reach net-zero emissions by 2050. As the banks that fund much of the industry adhere to the Poseidon Principles – requiring them to track how their loan portfolios’ align with emissions targets – this will be a huge step up for the industry. The significance of this decision will demand the shipping sector and its lenders scrutinize individual vessel performance much more tightly, and adopt clean technology faster than required by the current IMO 2050 initiative – and that will have enormous industry impact.

At the same time, the pathways to decarbonization are becoming more complex, with calls for the EU’s Emissions Trading Scheme to be more ambitious; to embrace all GHGs and, crucially, calculate impacts and therefore costs on a well-to-wake basis. The change proposed would put pressure on shipowners, charterers and vessel operators to have a much clearer idea of what GHGs their vessel emits under operation, as well as a very clear idea of the provenance and quality of the fuels they use.

As shipping’s energy transition accelerates, the industry will face tremendous logistical challenges and financial risk and require a comprehensive compliance system. While this won’t necessarily dictate an urgent need to make binding technology choices, it will require all parties to more accurately and honestly measure and account for GHG emissions. With fuel costs attributed to over 50% of a vessel’s operating costs, a trusted, transparent, and traceable marine fuel ecosystem is critical.

A light in the dark

The marine fuel sector is historically opaque in its operations. Fuel users and suppliers are challenged to understand the history and complete make-up of the fuel they use. How exactly it was blended, or whether it may have been contaminated when it was stored, are questions that may not have clear indicators. 

Nonetheless, the treatment of a batch of fuel could have a significant impact on how it behaves in an engine, and subsequently how a vessel performs and the emissions from it.

Knowing how a fuel will combust in an engine is key to understanding what emissions it will produce and how its chemical energy will be translated into vessel performance. FuelTrust uses artificial intelligence and blockchain technology to authenticate relationships across the marine fuel lifecycle, and by verifying data from shared sources, validates decarbonization and compliance.

FuelTrust provides clear insight into when, where and from whom quality fuel is supplied allowing operators to alleviate the financial impact of low-quality fuel and mitigate regulatory risk, for a more sustainable shipping sector.

A way to the truth

The Poseidon Principles and all emissions trading and credit schemes currently measure vessel emissions using guidelines from governments that are based on generalized calculations – a one size fits all approach. These calculations are formulated to simplify enforcement. They overlook the range of different engine types and how operations and maintenance decisions might influence their performance. At a vessel level, emissions are estimated using manufacturer specifications and ranges classified by fuel type and grade. The resulting figure can only be a rough approximation of the emissions of a vessel.

To provide more accurate emissions analyses, we use AI and blockchain technologies. Our blockchain-enabled technology authenticates relationships across the marine fuel lifecycle, allowing users to create a decentralized, immutable store of information – a single shared source of truth – recording the lifecycle of the fuel they supply or use. In this way, we eliminate the opacity that has been typical of the bunker sector.

We then apply our AI technology, which we call the AI Digital Chemist™, to analyse the data recorded in the blockchain. The AI technology analyses information from supplier data, BDNs, certificates of analysis, and vessel operation data to re-run the molecular interactions that take place during fuel combustion and provide more accurate and representative analyses of a given vessel, using a specific fuel.

A brighter future

The future of the marine fuel industry will involve a range of fuels, much as it does today. These fuels will be sourced differently from the fossil fuels and fossil-derived fuels currently in use, and in many instances will be of a different chemical compound. But a lack of insight into how a batch of fuel has been handled through the supply chain could mean stakeholders from owners and operators to financiers could risk failing in emissions compliance and decarbonization alignment.

Our data already tells us that different batches of the same fuel can have vastly different characteristics, which enables savvy operators to select and bunker the fuel batch that will deliver the best vessel and emissions performance for them. As the energy transition in shipping moves forwards, the alternative fuels that come on the market will be available in a mix of fossil-derived, biogenic and synthetically produced blends. With such a diversity of fuel choices on the market, all stakeholders will need trusted, transparent and scientifically verified emissions performance data to help them mitigate the financial and ESG challenges they face, and deliver a sustainable global commercial shipping fleet – and with it, a brighter future for our industry and society.

 

Photo credit: FuelTrust
Published: 22 March, 2023

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Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

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Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

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Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

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Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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