Global multi-sector industry coalition SEA-LNG on Tuesday (25 August) published a snippet of its report “LNG-The only viable fuel” analysing why LNG continually proves to be a viable solution commercially and operationally to decarbonise shipping:
LNG AND THE PATHWAY TO SHIPPING INDUSTRY DECARBONISATION
The global shipping industry is facing a period of unprecedented change. Only last year ship-owners and operators were struggling with how to respond to the introduction of the IMO’s sulphur cap – a “once in a decade” challenge. Having successfully negotiated the SOx hurdle; the industry has scarcely had time to draw a breath as climate change has risen rapidly up the regulatory agenda. This change is both at the IMO, with the ongoing implementation of its Greenhouse Gas (GHG) Strategy, and on the European stage with the introduction of the far-reaching Green Deal. And on top of this, COVID-19 has caused a massive shock to the global economic system with unknown long-term consequences.
Not only is the regulatory landscape changing rapidly, but new technology developments are being announced almost every week. Academics and industry commentators are making claims for different decarbonisation pathways, and new industry coalitions are springing up like mushrooms. Too often the decarbonisation debate seems to descend into “my solution versus your solution”. The art of the possible or practical appears to be forgotten, especially in the area of international maritime operations and regulation.
The understandable response of the shipping industry to this confusing situation is to pause and assess.
A full copy of SEA-LNG’s report ‘LNG- The only viable fuel’ is available for download here.
Photo credit and source: SEA-LNG
Published: 26 August, 2020
Venture will leverage of GTT's membrane containment systems and Keppel’s shipyard expertise.
William Barentz is the first of two new 70-m ferries commissioned by Doeksen on 1 July in Harlingen and operates on the Wadden Sea – a UNESCO World Heritage site.
Development part of a ‘Business Agreement for Cooperation in Science and Technology’ signed in 2003.
Report tracks LNG-fuelled growth in vessel segments and worldwide expansion and development of LNG bunkering infrastructure along key trade lanes.
Development demonstrates viability of LNG fuel system to power a large bulk carrier, says spokesman.
The 12,000 m3 and 6,000 m3 vessels will provide LNG as marine fuel, amongst other activities, in China and abroad.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.
‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.
