Hydrogen

LR MDH joins call to accelerate adoption of zero-emission bunker fuels by 2030

Call to action organised by RMI, the UN Climate Change High-Level Champions, the UCL Energy Institute, and the United Nations Foundation.

Published

3 weeks ago

November 13, 2024

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LR MDH joins call to accelerate adoption of zero emission fuels by 2030

Lloyd’s Register Maritime Decarbonisation Hub (LR MDH) on Tuesday (12 November) joined more than 50 firms across the spectrum of the shipping value chain — e-fuel producers, vessel and cargo owners, ports, and equipment manufacturers — in signing a Call to Action today at COP 29 to accelerate the adoption of zero-emission marine fuels.

Organised by RMI, the UN Climate Change High-Level Champions, the UCL Energy Institute, and the United Nations Foundation, the Call to Action demonstrates strong industry momentum to invest in decarbonisation through scalable zero-emission marine fuel pathways.

The joint statement calls for faster and bolder action to increase zero and near-zero emissions fuel uptake, investment in zero-emissions vessels, and global development of green hydrogen infrastructure, leaving no country behind.

James Forsdyke, Managing Director of LR MDH, said: “We are proud to be part of this initiative dedicated to expand the production of green hydrogen as a marine fuel or as an enabler for synthetic zero to near-zero carbon fuels. One of the biggest tasks ahead of us is developing a robust and reliable green hydrogen supply chain to deliver zero carbon fuels to vessels in key maritime hubs in ways that are safe, sustainable and that benefit all shipping stakeholders, particularly seafarers and port communities.

“In line with the Lloyd's Register Maritime Decarbonisation Hub's mission to accelerate the safe, sustainable, and human-centric transition of the maritime industry, we have spearheaded initiatives like the Silk Alliance green corridor cluster and Maritime Fuel Supply Dialogues, to aggregate first mover efforts at a regional level and create stronger infrastructure for green hydrogen projects. Being part of this call to action reinforces our commitment to advance the use of hydrogen produced from renewable resources as an important tool in decarbonising shipping.”

In anticipation of this regulatory milestone, the signatories outline several key recommendations to expedite the adoption of hydrogen-derived fuels, namely the need for clear, ambitious mid-term measures; a balanced approach to revenue distribution to help bridge the cost gap between fossil fuels and scalable zero-emission fuels (SZEFs); and evidence that key milestones for practical use of SZEFs are advancing.

To align with a 1.5°C pathway, global green hydrogen production must double by 2030, translating to the uptake of at least 5 million tonnes of green hydrogen in the shipping sector. To accomplish this, coordinated action is needed across the supply chain to expand the supply and adoption of zero or near zero-emission shipping fuels such as e-ammonia and e-methanol, build up the ecosystem synergistically, and deliver on a just and equitable transition.

Close collaboration between green hydrogen producers, shipping actors, and policymakers is vital to securing the enabling conditions and investments that will deliver shipping’s clean energy transition.

“The Green Hydrogen Catapult is proud to support this initiative. Collaboration across the maritime value chain is key to an accelerated, just, and equitable transition of the sector to renewable fuels, and partnerships are key to building and maintaining momentum,” said Oleksiy Tatarenko, the leader of RMI’s hydrogen initiatives and the Green Hydrogen Catapult, a coalition of green hydrogen market leaders promoting the aggressive global adoption of green hydrogen.

Ports and port service companies, alongside financiers, have also added their support to the Call to Action, committing to investing in hydrogen-derived fuel infrastructure and safety projects to support bunkering of e-fuels.

Photo credit: Lloyd’s Register Maritime Decarbonisation Hub
Published: 13 November 2024

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Events

Argus Media organises Green Marine Fuels Asia Conference in Singapore

Conference will explore Argus’ global analysis on alternative bunker fuels, LNG benefits in the net zero pathway, global clean fuel policy and regulation, and growing demand of biofuels in the region.

Published

4 days ago

December 3, 2024

Admin

Argus Media organises Green Marine Fuels Asia Conference in Singapore

Independent global energy and commodity market intelligence provider Argus Media is organising the Argus Green Marine Fuels Asia Conference on 18 to 19 February in Singapore.

The event will be held at the PARKROYAL COLLECTION Marina Bay, 6 Raffles Boulevard, Singapore 039594.

With Argus’ expertise in the biofuels, methanol, ammonia, hydrogen and LNG sectors – the conference will bring together key players from across these value chains to meet with port authorities, shipowners, charterers, technology, finance, regulators, storage and terminals.

Over 40 experts and key industry stakeholders will be offering diverse insights into the competitive and progressively complex global marine fuels market in this key region.

Key speakers for the event include Kenneth Lim, Assistant Chief Executive (Industry & Transformation), Maritime and Port Authority of Singapore (MPA); Torben Nørgaard, Chief Technology Officer - Energy & Fuels, Maersk Mc-Kinney Moller Center; Jerid Soo, Assistant General Manager (Global Sustainability and ESG), Pacific International Lines; Kazuki Yamaguchi, General Manager and Head, Maritime Energy Solution, Energy Transformation Business Group, Sumitomo Corporation; and Mahua Chakravarty, Editor, Marine Fuels (Asia), Argus.

The conference’s agenda will include as Argus’ global analysis on alternative bunker fuels, LNG benefits in the net zero pathway, global clean fuel policy, incentives and regulation, perspectives by shipowners and charterers on new fuels investments and the growing demand of biofuels in the region.

The event will offer plenty of opportunities for networking including extended coffee and lunch breaks, networking drinks reception and using the networking platform and app to schedule meetings with attendees in advance.

Note: More information on the Argus Green Marine Fuels Asia Conference can be found here including an early bird rate if registrations are completed by 10 January.

Photo credit: Argus Media
Published: 3 December, 2024

Alternative Fuels

DNV: Alternative-fuelled newbuilding orders slow down in November

Although results show a slowdown of new orders for alternative-fuelled vessels in November, this follows the strongest month ever in October and the overall trend remains strong, says Jason Stefanatos.

Published

4 days ago

December 3, 2024

Admin

DNV: Alternative-fuelled newbuilding orders slow down in November

Latest figures from classification society DNV’s Alternative Fuels Insight (AFI) platform saw that a total of 27 new orders for alternative fuelled vessels were placed in November 2024.

LNG continues to be the main driver, accounting for 23 vessels, with most of these (15) coming from the container segment. A strong month also for the car carrier segment, with six new LNG-fuelled vessels added to the orderbook.

Four new orders for ammonia-fuelled vessels were also registered.

DNV: Alternative-fuelled newbuilding orders slow down in November

Although this was a slightly slower month for new orders for alternative-fuelled vessels, it follows a record-breaking month in October, and a strong surge in activity since the summer months.

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “Although these results show a slowdown of new orders for alternative-fuelled vessels in November, this follows the strongest month ever in October, and the overall trend remains strong.

“LNG remains the headline story with exceptional activity since the summer months. This is clearly being driven by the container segment, where the vast majority of new orders in 2024 have been for alternative-fuelled vessels.”

Photo credit: DNV
Published: 3 December, 2024

Alternative Fuels

MPA and MOL sign MoU to collaborate in alternative bunker fuels

Both will cooperate to establish a supply system for next-generation alternative bunker fuels such as methanol, ammonia, and hydrogen as well as wind technology, among others.

Published

1 week ago

November 27, 2024

Admin

MPA and MOL sign MoU to collaborate in alternative bunker fuels

Mitsui OSK Lines, Ltd. (MOL) on Tuesday (26 November) announced it signed a comprehensive memorandum of understanding (MoU) with the Maritime and Port Authority of Singapore (MPA) to deepen cooperation in the fields of decarbonisation, digitalisation, and human resources development including alternative bunker fuels.

MOL and MPA have been cooperating in various initiatives to decarbonise the maritime industry, the new agreement will further promote these initiatives in a wide range of fields.

Specifically, the scope of the MoU covers the following:

Collaboration in the field of decarbonisation in the maritime industry in general.

Mutual collaboration to establish a supply system for next-generation alternative bunker fuels such as methanol, ammonia, and hydrogen. The collaboration will also include study on the use of wind technology.

Digitalisation and maritime innovation.

Improving voyage management and efficiency of transport operations through digitalisation, including development of cybersecurity, collaboration on autonomous vessel trials, and nurturing marine innovation ecosystem that emphasises collaboration with local startups.

Joint development of maritime human resources.

Grow and enhance manpower capabilities, including grooming seafarers and shore-based workforce.

MOL will continue its group-wide concerted effort, in close cooperation with MPA and other major maritime sectors, to achieve sustainable GHG net-zero emissions and contribute to the realisation of a decarbonised society.

MPA Chief Executive Teo Eng Dih, said: “This MoU reaffirms MPA and MOL’s longstanding collaboration. As a maritime hub port, supported by our innovation and research ecosystem, MPA is working closely with industry and tripartite partners to support digitalisation, cybersecurity, decarbonisation and manpower capabilities. We look forward to MOL’s expansion of activities, tapping on both our experience and expertise, to develop scalable solutions for the SingaporeJapan Green and Digital Shipping Corridor and the wider maritime community.”

MOL President & CEO Takeshi Hashimoto, said: “We have been focusing on the fields of decarbonisation, digitalisation, and human resources development, which we have decided to deepen cooperation with MPA this time.

MPA is committed to working hard to create a sustainable maritime industry in Singapore, the hub of the maritime industry. We pay our respect to MPA for its enthusiasm and energy. The fields of bilateral cooperation are also a challenge for the maritime industry as a whole, and I hope we can increase the feasibility by working together as like-minded people.

We are confident that the establishment of this comprehensive cooperative relationship will contribute to the maritime industry in general.”

MOL’s recent cooperation with MPA includes joining a MPA-led Green & Digital Shipping Corridors (GDSC) and joining MPA’s initiative in the Maritime Energy Training Facility (METF) to promote training for seafarers involved in next-generation fuel such as ammonia, which reduces carbon emissions.

Photo credit: Mitsui OSK Lines
Published: 27 November, 2024