Alternative bunker fuels – biofuels, methanol, LNG, and ammonia – are not more risky than traditional fuels but need to be handled safely and effectively, says...
However, challenges still remain in achieving targets including resistance to new technology, costs, and non-compatible vessels.
Ammonia is touted as the long-term fuel solution, but safety concerns and novel technology could hinder its widespread application.
‘Fossil Methanol is disastrous from a well-to-tank perspective due to its low energy efficiency but many biofuels present certain advantages,’ shares Albrecht Grell.
DNV presented Fortescue with class and statutory certificates for its dual-fuelled ammonia-powered vessel “Green Pioneer” at a ceremony held during Singapore Maritime Week.
AET signed shipbuilding contracts for ships with CSSC subsidiary DSIC; MISC also entered into Time Charter Party Contracts with PETCO Trading Labuan Company Ltd via AET...
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.
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...
Over 60 regional and international companies, comprising energy firms, fuel suppliers, traders, bunker operators, and storage companies, participated in the EOI, says MPA.
EPS signed MoUs with MPA, ABS and LR to commit the ships to be registered under SRS upon delivery; MoUs will include joint capability and capacity-building...
