• 2021 May 8 12:43

    LNG will play key role in industry’s decarbonization ambitions, suggests ABS survey

    While nearly 40 percent of shipowners have still not implemented a decarbonization strategy despite impending regulations, there is resounding confidence among industry leaders in LNG’s potential to help reach regulatory goals in the coming decades.

    These are key messages from the panel of industry leaders and a survey of more than 400 attendees at a webinar exploring decarbonization research recently published by ABS in the report Setting the Course to Low Carbon Shipping: View of the Value Chain.

    The third publication in the ABS Low Carbon Shipping series builds from prior issues which have identified LNG’s importance among the various alternative fuel options, and looks into current ship designs, in many cases, starting a transition to alternative fuels with LNG.

    “It’s clear the industry needs LNG as a transitional fuel to get us to 2030, it could also support the transition to zero-carbon and carbon-neutral fuels that are required to get us to 2050 such as Hydrogen. Owners of internationally trading ships are facing increasingly complex investment decisions as they try to navigate the most efficient course to the low-carbon future,” said Christopher J. Wiernicki, ABS Chairman, President and CEO.

    As part of its award-winning decarbonization programs, ABS has simplified three fuel pathways (light gas, heavy gas and bio/synthetic) to help aid owners' decision-making.

    “LNG remains the clear choice today because of its sheer scalability, growing availability and high technological readiness among low-carbon and low-emission fuels, where Hydrogen and Ammonia appear to be emerging as significant fuel types for tomorrow,” added Wiernicki.

    The survey indicated the industry has solid confidence in LNG’s potential, with almost nine out of ten respondents agreeing that it has a key role to play in reaching IMO 2050. Among six fuel types, LNG landed the clear majority of the votes as having the most potential for meeting IMO 2050 decarbonization goals.

    Of the respondents confirming they had not yet put in place a fleetwide decarbonization strategy, 70 percent reported that they had developed a clear understanding of their fleet’s environmental performance in relation to industry peers.

    Key takeaways included:

    The short-term IMO measures, EEXI and CII, create a challenging landscape for many vessels within the global fleet.
    Life-cycle analysis clearly identifies the need for green fuel production in order to have meaningful GHG emissions reduction from low- and zero-carbon fuels.
    The required scale up of technology for green fuel production is significant (by an order of magnitude) before low- and carbon-neutral fuels can be widely adopted by the global fleet.
    The adoption of such fuels and the overall decarbonization of the marine sector will be enhanced by the global economy’s efforts to address the impact of climate change.
    Understanding global supply chains is critical to plan future fleet composition and renewal strategies.
    “Although we are fuel and technology agnostic, ABS focuses on working across the board to help owners not only reach their decarbonization and sustainability targets but hit them successfully, while maintaining a laser focus on safety,” said Wiernicki.




2021 June 23

18:19 NSML becomes first customer for JAWS application on Kongsberg's K-IMS platform
17:41 Enstructure to acquire Patriot Ports, further expand southeast terminal network
17:29 FESCO and NFC Logistics to develop intermodal transportation to APR countries
17:12 Lyttelton Port Company orders more Konecranes Noell Straddle Carriers
16:55 Sea Port of Saint-Petersburg installs new fire protection equipment
16:33 WISP2 project launched to further improve performance predictions, rules and regulations for wind propulsion
16:18 MPC Container Ships ASA signs agreement to acquire Songa Container AS and operational update
16:00 Federation Council approves expansion of Saint-Petersburg city limits with new plots of land in the Gulf of Finland
15:44 First zero-emission, full-electric shunting locomotives for Port of Rotterdam in production
15:24 Port of Antwerp converts a tug to methanol propulsion – a world first
15:13 Vopak awarded contract for industrial terminal in China
15:01 Russia’s shipbuilding companies secured 480 orders for 100dwt and larger ships till 2025
14:50 Pecém Complex signs cooperation agreement with SOHAR Port and Freezone, in Oman
14:37 New AR glasses allow Yara Marine Technologies to provide remote service and training
14:34 Kalmar celebrates completion of its 3000th reachstaker at Shanghai manufacturing unit
14:19 Port of San Diego partners with Canada’s Ocean Supercluster
14:03 DNV adds new class for cloud-based simulation
13:48 Maersk Supply Service wins its largest project contract ever
13:27 Designing non-fossil fuelled, Ulstein X-BOW container vessel for EDGE Navigation
12:51 Ramphosa announces establishment of Transnet National Ports Authority
12:30 Navigation season opens at Provideniya, Anadyr and Egvekinot ports
12:17 Höegh accelerates decarbonisation with new industry leading vessels
11:21 The Port of Gothenburg will offer shoreside power for tankers from 2023
10:09 Albwardy Damen recognised as Best New Building Yard at ShipTek Awards 2021
09:55 Rosmorport completes work on preservation of structures at international maritime terminal under construction in Pionersky
09:32 Baltic Dry Index as of June 22
09:27 MABUX: Global bunker prices do not have any firm trend on Jun 23
09:19 Oil prices rise on reduction of US reserves

2021 June 22

18:37 K”Line participates in R&D and demonstration project for CO2 marine transportation
18:13 Finnish authorities actively using EMSA’s remotely piloted aircraft to support vital coast guard tasks over the Baltic Sea
18:01 Port of Gothenburg ready to enter into joint venture with Castellum
17:57 EMSA: EU ship traffic fell by 10% in 2020 due to the COVID-19 pandemic
17:34 Ecochlor completes all land-based and shipboard testing for EcoOne™ filterless BWMS
17:15 Huntington Ingalls Industries announces first international order for REMUS 300 UUVs
17:00 Deepwater Container Terminal secured by Polish Prime Minister
16:14 New vessel brings Furetank to the UN 2050 climate goal
15:50 RF Navy ships arrive in Saint-Petersburg for IMDS-2021
15:27 Optimarin expands BWTS service offering for smart maintenance
15:14 China ports container volume rises 15.2% in January - May 2021
14:52 South Korea’s first commercialised hydrogen electric boat officially unveiled
14:46 List of check points for importing of pesticides and agricultural chemicals approved by RF Prime Minister
14:24 METIS and Geislinger integrate vibrations into Neptune Lines vessel performance trial
14:01 Kongsberg Digital to deliver real-time drilling software Sitecom® to Brazilian major Ocyan
13:42 New vessel brings Furetank to the UN 2050 climate goal
13:10 The ice thrusters for the walk to work ice breaker have been delivered at shipyard Royal Niestern Sander
12:37 ClassNK expands scope of Innovation Endorsement
12:10 MOL starts research and development on large-scale liquefied CO2 carrier
11:43 One Sea white paper sets agenda for autonomous ship safety regulation
11:00 Wärtsilä chosen to power British Columbia’s most environmentally advanced escort tugs
10:41 Oil price exceeds $75 per barrel
10:22 ABB and Keppel O&M reach key autonomy milestone with remote vessel operation trial in Port of Singapore
10:09 Crowley takes delivery of tugboat with the most compact size in the U.S.
09:50 DCSA releases interface standards for the bill of lading with API definitions
09:40 Checkpoint across RF state border opened at Passenger Port Saint Petersburg
09:26 MABUX: Global bunker prices may demonstrate firm upward evolution on Jun.22
09:13 Baltic Dry Index as of June 21

2021 June 21

18:26 The Port of València to eliminate one million plastic bottles
17:37 Elcome expands presence in Europe
17:06 Jan De Nul Group installs 72 wind turbines for the 604 MW Kriegers Flak wind farm
16:59 ICC Greenland joins the Arctic Economic Council