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Nordic leads on shipping decarbonisation front, says International Transport Forum report

Report showcases pioneering efforts made by Nordic countries to reduce shipping environmental impact and encourage more cohesive global decarbonisation efforts.

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London-based maritime shipping information exchange The Baltic Exchange on Tuesday (24 November) said a newly published research from the International Transport Forum (ITF) concludes that Nordic countries are among those with the highest ambition and greatest number of maritime technology demonstrations in the world.

Consequently, the Forum’s report Lessons from the Nordic Region has showcased the pioneering efforts being made by Nordic countries to reduce the environmental impact of maritime shipping, aiming to encourage more cohesive global decarbonisation efforts.

The report, initiated by the Nordic Council of Ministers and funded by Nordic Energy Research, found that accelerated innovation is important in a sector dependent on long-lasting assets like ships and that policy is a “critical tool” to stimulate the deployment of maritime low-carbon technologies.

“In the Nordic countries, both government and the private sector provide strong leadership in environmental questions,” said Pierpaolo Cazzola, project lead for the report at the ITF.

“Government-sponsored research is thus often accompanied by industry partnerships and cluster initiatives that provide a fertile environment for innovation.

“Many of these schemes bring together multiple actors and ensure a full project cycle from research via the demonstration phase to market introduction and investment finance for customers willing to apply the new solution. 

“This last step has been important to ensure that prototypes find their way into real-life application. It is an approach that holds many lessons for shipping nations seeking to decarbonise their fleet as quickly as possible.”

The report also found that liquefied natural gas (LNG) and methanol (when produced using fossil fuels) do not deliver significantly lower greenhouse gas (GHG) emissions than conventional marine fuels.

Further, the report claims that current policies that focus on direct CO2 emissions are failing as they do not account for other GHG emissions such as methane or emissions from upstream fuel production, creating “inappropriate advantages” for fuels such as fossil LNG.

The report also argues that current policies that focus on direct CO2 emissions are failing as they do not account for other GHG emissions such as methane or emissions from upstream fuel production

The ITF has proposed six recommendations from the Nordic research:

  1. First, the global shipping industry needs to increase the energy efficiency of new and existing ships.
    • The research established that Norway, Denmark and other Nordic countries have proposed mandatory technical or design efficiency improvements for the existing fleet (labelled EEXI) and a mandatory operational goal-based measure with carbon intensity targets at the ship level. 
    • “Adoption of both proposals – or a proposal combining both measures – by the International Maritime Organisation (IMO) seems possible,” states the report. “It would help to achieve the IMO’s 2030 carbon intensity target to reduce shipping CO2 emissions by at least 40% from 2008 levels.
    • However, in an acknowledgement of the challenges, the ITF recognises that this would require both stringent engine power limitations in the EEXI-proposal, ambitious carbon intensity targets and sanctions if carbon intensity targets at ship level are not met.

2. The second recommendation calls for leveraging of public sector procurement to stimulate the electrification of short-distance shipping.

    • Here, the ITF praises Nordic countries as a “world leader” in the electrification of short sea shipping and provision of onshore power supply.
    • Specifically, the ITF proposes that electrification be expanded to harbour ships, tugboats and icebreakers by using the public sector’s buying power regarding maritime services.

3. A third recommendation stresses the need for regulations on lifecycle emissions of maritime fuels, calling on shipping stakeholders to support the adoption of a lifecycle (known as a well-to-wake) framework for assessing energy use and GHG emissions of shipping fuels.

    • “Promoting an IMO standard or approval procedure for lifecycle-based carbon emission factors, including in the framework of the IMO Energy Efficiency Design Index (EEDI) regulation, is a near-term priority,” said the ITF. “This is particularly important for LNG, which reduces tailpipe GHG emissions but can have significant upstream GHG emissions.”

4. Recommendation four suggests putting in place carbon pricing for shipping and policies that can reduce the carbon content of shipping fuels.

    • The ITF proposes that inspiration be drawn from the initiatives in place in Nordic countries for carbon taxes, environmentally differentiated port pricing and electricity tax exemptions for shore power connections.

 5. The fifth recommendation advises advancing the discussion on market-based mechanisms at the IMO, urging that Nordic countries support a review to map state-of-the-art carbon pricing (market-based mechanisms).

    • “It could focus on policy practices developed over the last decade and also include findings of the IMO expert group on market-based mechanisms of 2010. From this review, a concrete proposal could be developed, that could assess the effectiveness and feasibility of measures such as, for example, a carbon levy, an emissions trading scheme, a low-carbon fuel standard or a hybrid approach,” said the ITF.

 6. The final recommendation encourages the launch of pilot projects to gain experience with new fuels and accelerate the adoption of safety guidelines.

    • Here, the Nordic countries’ many pilot projects for new fuels make it a “proving ground for the low-carbon shipping fuels of tomorrow”, said the ITF. “Norway in particular has played an important role in the development of international codes on the use, transport and storage of low-flashpoint fuels.
    • Research and additional pilot projects on promising fuels such as ammonia, liquid hydrogen and advanced biofuels, in a range of shipping segments, are important to address technical challenges associated with the use of new marine fuels.”
    • The ITF added that in this context the capacity, experience and leadership of Nordic stakeholders are a “precious resource”.

Photo credit: K8 on Unsplash
Published: 30 November, 2020

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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