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Methanol

LR, Cargill and partners to develop methanol and rotor sail ready bulker design

LR, Cargill International, Minerva Dry Inc. and Nantong COSCO KHI Ship Engineering have collaborated on the design of a Kamsarmax bulk carrier with methanol and rotor sail capability.

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Lloyd’s Register (LR) on Monday (2 October) said it has collaborated with Cargill International, Minerva Dry Inc. and Nantong COSCO KHI Ship Engineering Co Ltd (NACKS) on the design of a Kamsarmax bulk carrier with methanol and rotor sail capability as the result of a Joint Development Project (JDP) established in 2022.

The design will provide a new energy efficient bulk carrier at a time when ship owners and operators must consider their environmental, social and governance (ESG) strategies in line with new and upcoming environmental regulations which mandate the limiting of greenhouse gas (GHG) emissions.

The JDP included input on user requirements from one of the largest dry bulk operators, Cargill, and brings together the operational experience of ship owner Minerva Dry with the design expertise of leading Chinese shipyard NACKS. LR acted as a trusted adviser throughout the joint development project as the sole classification society for the design of this unique vessel.

Nikos Kakalis, Global Bulk Carriers Segment Director, Lloyd’s Register, said: “Lloyd’s Register is proud to have collaborated on this JDP with Cargill, Minerva Dry and NACKS to design an energy efficient and future fuel ready Kamsarmax bulk carrier, bringing innovation to practice.”

“And it is absolutely vital that stakeholders across the maritime value chain continue to work together to provide commercially viable bulk carriers to meet the sector’s demands whilst prioritising designs that comply with tightening GHG emission regulations, as evidenced by this JDP.”

Chris Hughes, Decarbonisation Specialist, Cargill International, said: “It’s been great to work closely with NACKS, Minerva Dry and LR on this project; they all brought a lot of knowledge and experience to the project; plus a willingness to challenge the status quo, and to consider new ideas and technologies. Rather than starting with a conventional fuelled design and adding on some limited “readiness” we essentially designed a methanol fuelled ship first, and worked backwards from there for the methanol-ready version. The result is a design that is truly ready and feasible for conversion”.

Photo credit: Lloyd’s Register
Published: 5 October, 2023

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Alternative Fuels

ABS publishes new technical and operational advisory on methanol bunkering

New advisory provides the maritime industry with insight into the challenges of bunkering methanol and strategies to address them.

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ABS publishes new technical and operational advisory on methanol bunkering

Classification society ABS on Monday (22 April) released its Methanol Bunkering: Technical and Operational Advisory, expanding its suite of guidance on methanol as a marine fuel.

A key component of the methanol value chain and the overall scalability of the fuel will be the ability to bunker methanol, either by truck-to-ship, ship-to-ship or land storage tank/terminal-to-ship.

The new advisory provides the maritime industry with insight into the challenges of bunkering methanol and strategies to address them.

John McDonald, ABS President and COO, said: “As the class provider for the world’s largest methanol-fueled vessel and with numerous methanol-based projects underway, ABS has unrivalled insight into the adoption of methanol as a marine fuel.”

“Numbers of methanol fueled vessels are growing rapidly and ABS is focused on supporting its safe adoption by the industry, which is why we are proud to offer this publication to support owners, operators and yards with bunkering challenges related to operations, design and training.” 

The publication provides guidance regarding the technical and operational challenges of the supplier to the receiving vessel including critical design issues, regulatory compliance, safe practices, areas of operational processes to consider, training and safety aspects.

Note: Download a copy of the ‘ABS Methanol Bunkering: Technical and Operational Advisory’ here

Related: World’s first methanol-fuelled boxship christened and named “Laura Maersk”

 

Photo credit: ABS
Published: 23 April 2024

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Bunker Fuel

SMW 2024: Maritime International Advisory Panel discusses decarbonisation, green financing, digitalisation

Panel noted that financial institutions were willing to provide lending for suitable projects to support maritime decarbonisation with sufficient assurance that the default risks were managed.

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SMW 2024: Maritime International Advisory Panel discusses decarbonisation, green financing, digitalisation

The Maritime International Advisory Panel (IAP) held its third annual meeting on 16 April 2024, during the Singapore Maritime Week 2024. 

This year, the Maritime IAP held in-depth discussions on the key developments in the maritime sector, including decarbonisation, green financing, digitalisation and cybersecurity. 

Members of the panel who were present included Hiroaki Sakashita, President and CEO, ClassNK, Stephen Fewster, Managing Director, Global Head, Shipping Finance, ING Bank, Nick Brown, CEO, Lloyd’s Register, and Jonathan Wright, Global Managing Partner, Global Finance and Supply Chain Transformation Service Line Leader, IBM.

Established in 2022 by the Ministry of Transport (MOT) and the Maritime and Port Authority of Singapore (MPA), the Maritime IAP aims to seek international perspectives on key long-term trends and developments that will shape the maritime industry. 

It comprises global leaders from the maritime sector, adjacent industries and academia, and is chaired by Mr Chee Hong Tat, Minister for Transport and Second Minister for Finance. Local industry and union leaders also joined the meeting to share their perspectives.

IAP comprises global leaders from the maritime sector, adjacent industries and academia, and is chaired by Mr Chee Hong Tat, Minister for Transport and Second Minister for Finance.

IAP comprises global leaders from the maritime sector, adjacent industries and academia, and is chaired by Mr Chee Hong Tat, Minister for Transport and Second Minister for Finance.

Key Trends and Opportunities for the Maritime Sector

The Maritime IAP highlighted that despite geopolitical uncertainties and supply chain shifts, there were significant opportunities for the global maritime sector in the following areas:

  • Accelerating the green transition towards a low- and zero-carbon future, supported by important enablers such as financing for green shipping;
  • Deepening the utilisation of technology and digitalisation while strengthening cyber resilience; and
  • Training and re-skilling the maritime workforce to take on the new job opportunities of the future.

The Maritime IAP emphasised that Singapore plays an important role in facilitating global trade flows, supporting global maritime decarbonisation, and advancing maritime digitalisation and cyber-resilience. 

Singapore’s position as a trusted and established maritime eco-system could catalyse green financing solutions, unlock the benefits of deeper utilisation of technology and data, and position it as a training hub to develop the skills needed by the future maritime workforce.

Strengthening Maritime Ecosystem Amid Global Shifts and Green Transition

Against the backdrop of global uncertainties, the Maritime IAP highlighted that Singapore could be an important trade and maritime intermediary, given its status as a neutral, trusted, and leading maritime hub. With growing trade to emerging regions as trade flows shifted, the panel believed Singapore would be an important conduit for new trades going forward. The panel further suggested for Singapore to become a trusted maritime technology hub for the development, installation, and accreditation of critical technologies, especially for those fitted onboard ships.

The Maritime IAP noted that amidst the ongoing green transition, there would be competing demands for various low- or zero-carbon fuels (e.g. hydrogen, ammonia, methanol) from other sectors.

The Maritime IAP highlighted the need to draw on a wide range of green financing instruments and investments to catalyse change, address hurdles and accelerate the sector’s green transition. 

The panel also noted that financial institutions were willing to provide lending for suitable projects to support maritime decarbonisation with sufficient assurance that the default risks were managed. To address the financing needs of the sector, the panel suggested for maritime stakeholders to pool their needs, while demand aggregation would help smaller companies gain better access to suitable solutions and financing, and also allow financial institutions to better determine and manage the risks involved.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 19 April 2024

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Shipping Corridor

SMW 2024: New Singapore, LA, Long Beach study reveal future demand for green bunker fuels on shipping corridor

Shipping demand along Green and Digital Shipping Corridor between the nations is estimated to be around 850,000 mt of methanol and 160,000 mt of ammonia annually by 2030.

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SMW 2024: Singapore, LA, Long Beach reveal future demand for green bunker fuels on shipping corridor in new study

The Maritime and Port Authority of Singapore (MPA), Port of Los Angeles and Port of Long Beach on Thursday (18 April) said they have completed a comprehensive baselining study, one year after the signing of the Memorandum of Understanding (MoU) to establish a Green and Digital Shipping Corridor (GDSC).

It forecasts more green jobs, health improvements for local communities and economic benefits for participating countries, emphasising the future demand for zero and near-zero emission fuels and the benefits from decarbonising the shipping routes between the nations.

Key findings of the study include:

  • Vessels operating on the corridor represent 7% of the world’s container trade, which is about 1% of Singapore's, 14.5% of Port of Long Beach’s, and 20% of Port of Los Angeles’ traffic.
  • The projected annual energy demand of vessels on the corridor is estimated to be approximately 60,000 terajoules (TJ), equivalent to approximately two months of Singapore’s national electricity generation.
  • Shipping demand on the corridor is estimated to be around 850,000 metric tonnes (mt) of methanol and 160,000 mt of ammonia annually by 2030, displacing the equivalent GHG emissions from almost 320,000 cars annually.
  • The transition to zero and near-zero emission fuels could potentially create approximately 700 jobs in the production and supply chain of such fuels by 2030.

The study, commissioned by C40 and the ports, and conducted by the American Bureau of Shipping, analysed maritime trade flows between Singapore, Los Angeles and Long Beach, and provided a baseline of activities and energy demand requirements for vessels operating on the corridor through to 2050. 

The conclusion of the study follows the successful unveiling of the corridor’s Partnership Strategy at the 28th United Nations Climate Change Conference (COP28/CMP18/CMA5) in December 2023, which outlined the corridor’s goals, partnership structure and governance mechanism. 

The study estimates the quantity of near-zero and zero-emission fuels required for this traffic by modelling the adoption of zero and near-zero carbon alternative fuels by vessels operating on the corridor through to 2050, considering various parameters such as fuel production costs and fuel availability, and in view of the targets in the 2023 IMO Strategy on Reduction of Greenhouse Gas Emissions from Ships. 

The partnership convened the first in-person stakeholder meeting of the corridor together with industry value-chain representatives, as a prelude to onboarding stakeholders to the corridor. The meeting was held during Singapore Maritime Week (SMW) 2024 on 18 April.

The meeting and subsequent working groups will focus on developing green and digital solutions to address the following focus areas within the corridor:

  1. Enable the supply and adoption of zero and near-zero emissions fuels (e.g. green ammonia, green methanol) at scale, including safety, emergency response, mitigation and standards-setting.
  2. Develop and scale-up the adoption of energy efficiency solutions, including through digital tools (e.g. route optimisation, remote monitoring) and technologies that reduce fuel consumption (e.g. wind-assisted propulsion).
  3. Develop and encourage the adoption of digital technologies to support the monitoring, reporting and verification of GHG emissions along the corridor.

All three ports will participate in the Accelerating Digitalisation and Decarbonisation Conference organised by MPA as part of SMW 2024 and in a moderated discussion convened by C40 on the sidelines of SMW 2024 entitled ‘Navigating Collaboration: Governance of Green Shipping Corridor Partnerships’, where C40 will unveil its new report and share insights into best practices for GDSC effective governance.

Mr Teo Eng Dih, Chief Executive of MPA, said: “Shipping is a new pillar in the multi-faceted partnership with the US. The GDSC with the Ports of Los Angeles and Long Beach highlights the importance of working with industry, researchers, government and society through innovation and capacity building. With traffic along the GDSC accounting for 7% of the world’s container trade, the initiatives by GDSC partners and stakeholders will help generate growth and new opportunities for maritime professionals.”

Note: The study titled An Initial Baselining Study to Support the Development of the Los Angeles/ Long Beach to Singapore Green and Digital Shipping Corridor can be found here.

Related: SMW 2023: Singapore, LA and Long Beach ink MoU to establish green and digital shipping corridor
Related: Singapore, LA and Long Beach unveil Partnership Strategy for Pacific Ocean green and digital shipping corridor

Other links related to SMW 2024: 

Related: SMW 2024: Ken Energy and Green COP partner to advance bio bunker fuels in Singapore
Related: SMW 2024: Seatrium, A*STAR to explore new energies and AI for offshore and marine uses
Related: SMW 2024: Pacific Environment, Ulsan Port Authority to accelerate zero-emission shipping and ports
Related: SMW 2024: Singapore is preparing port for multi-fuel future, says Transport Minister
Related: SMW 2024: MPA partners with S&P Global and Bunkerchain in digital ship identity
Related: SMW2024: 18th Singapore Maritime Week opens with ‘Actions meet Ambition’ theme
Related: SMW 2024: MPA to set up facility for maritime workforce to train in handling new bunker fuels
Related: SMW 2024: Singapore-Rotterdam Green and Digital Shipping Corridor partners to implement first-mover pilot projects

 

Photo credit: Maritime and Port Authority of Singapore
Published: 18 April 2024

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