While nearly 40% of shipowners have still not implemented a decarbonisation strategy despite impending regulations, there is resounding confidence among industry leaders in LNG’s potential to help reach regulatory goals in the coming decades.
These are key messages from the panel of industry leaders and a survey of more than 400 attendees at a webinar exploring decarbonisation research recently published by ABS in the report Setting the Course to Low Carbon Shipping: View of the Value Chain.
The third publication in the ABS Low Carbon Shipping series builds from prior issues which have identified LNG’s importance among the various alternative fuel options, and looks into current ship designs, in many cases, starting a transition to alternative fuels with LNG.
“It’s clear the industry needs LNG as a transitional fuel to get us to 2030. It could also support the transition to zero-carbon and carbon-neutral fuels that are required to get us to 2050, such as Hydrogen. Owners of internationally trading ships are facing increasingly complex investment decisions as they try to navigate the most efficient course to the low-carbon future,” said Christopher J. Wiernicki, ABS Chairman, President and CEO.
As part of its award-winning decarbonisation programs, ABS has simplified three fuel pathways (light gas, heavy gas and bio/synthetic) to help aid owners in decision-making.
“LNG remains the clear choice today because of its sheer scalability, growing availability and high technological readiness among low-carbon and low-emission fuels, where Hydrogen and Ammonia appear to be emerging as significant fuel types for tomorrow,” added Wiernicki.
The survey indicated the industry has solid confidence in LNG’s potential, with almost nine out of ten respondents agreeing that it has a key role to play in reaching IMO 2050. Among six fuel types, LNG landed the clear majority of the votes as having the most potential for meeting IMO 2050 decarbonisation goals.
Of the respondents confirming they had not yet put in place a fleetwide decarbonisation strategy, 70 percent reported that they had developed a clear understanding of their fleet’s environmental performance in relation to industry peers.
Key takeaways included:
“Although we are fuel and technology agnostic, ABS focuses on working across the board to help owners not only reach their decarbonisation and sustainability targets but hit them successfully, while maintaining a laser focus on safety,” said Wiernicki.
Photo credit and source: MAN Diesel
Published: 6 May, 2021
Firms to share use of LNG bunker tanker and develop an LNG bunker supply chain in the port of Singapore.
Vessel will be based at JERA’s Kawagoe Thermal Power Station in the Chubu region and commence ship-to-ship LNG bunkering operations for LNG-fuelled ships.
The ship-to-ship operation was carried out at the port of La Spezia with the bunkering vessel Coral Methane under the supervision of the Italian Coast Guard.
To test its implementation, MOL plans to install one sail on a 100,000 dwt bulk carrier; it has already obtained an AIP from Nippon Kaiji Kyokai for the design.
Alternative fuels not economic, not available at scale, and unproven for shipping operations, it says.
A ME-GI type main engine by MAN Energy Solutions will be installed onboard the vessel to substantially reduce methane slip and also improve fuel efficiency.
Estimated total value of MFO which was erroneously recorded as having been delivered to the receiving vessels across the 14 proceeded CMA charges is US$121,585.60, states court document.
On 5th June 2021, VPS carried out a Remaining On Board (R.O.B.) survey on board a Singapore-registered bunker tanker at short notice by the Charterer and quickly identified the theft of 98 metric tons of bunker fuel.
No quarantine required if vessels have not called at Brazil, India, Nepal, Pakistan, the Philippines and South Africa during the 21 days prior to arrival at Hong Kong port, according to Marine Department notice.
CCIC discuss the progression of MFM technology for bunkering at Singapore port with Manifold Times; and possible development of a primary facility for MFM calibration.
‘The acquisition of PGI Industries will enhance VPS’ preventative maintenance services offered to the power sector, increasing protection and sustainability of the asset,’ says Malcolm Cooper, CEO, VPS.
A foreign vessel was involved in an alleged unauthorised STS incident with bunker tanker Pearl Melody on 5 June, Director and General Manager of Consort Bunkers tells Manifold Times.
