• 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 14

17:46 Fincantieri and MSC celebrate the start of construction of “Explora I”,
15:52 ABS and 22 industry players to study ammonia as an alternative marine fuel
15:18 ICS Guidance for Ship Operators and Roadmap for vaccination of seafarers
14:09 Bollinger submits proposal for U.S. Coast Guard Heritage-class offshore patrol cutter
13:19 Genco to jointly study ammonia as an alternative marine fuel
12:31 Wärtsilä brings Power-to-X technology to World Expo
11:57 Trafigura joins cross industry study into the adoption of green ammonia as an alternative marine fuel
11:24 DFDS: Freight up 31% following lockdowns in 2020
10:32 SEACOR Marine announces debt payoff agreement
09:47 Kick off “Joint Study” framework for studying ammonia as an alternative marine fuel
09:13 MABUX: bunker indexes may change irregularly on June 14

2021 June 13

15:31 Petrobras signs contract for the supply of eighth Búzios unit
14:18 Lyon Shipyard to invest $24.4 million to expand its operation in the City of Norfolk
13:29 Shearwater GeoServices recycles Western Trident as part of its fleet renewal strategy
12:41 MCA to carry out unannounced inspections of fishing vessels
11:42 The 126-passenger expedition cruise vessel National Geographic Resolution hits the water
10:56 Saipem: Inauguration of Saipem Guyana offshore construction facility in Georgetown

2021 June 12

16:09 Fred. Olsen Cruise Lines unveils brand new sailings aboard new ships Bolette and Borealis in 2022
14:21 "Blowdown" to reduce risk and raise decommissioning progress
13:42 Roambee announces a strategic investment from and partnership with PSA unboXed
13:19 Belfast Harbour awards £25,000 to community projects
12:41 Maurice GEORGES named as new Chair of the Executive Board of Dunkerque-Port
11:38 AIDA Cruises resumes holiday voyages from July 29, 2021
10:52 OptiLink: A digital revolution in ballast water management

2021 June 11

18:07 LNG consumption as a marine fuel has almost doubled in 2020
17:31 Hapag-Lloyd to provide full transparency on vessel arrivals
17:09 MOL joins international think tank and accelerate development for carbon capture, utilization and storage
16:58 GTT obtains tank design order for two new LNG carriers from Samsung Heavy Industries
16:52 Shipping industry welcomes Nigeria’s creation of ‘Deep Blue’ to stamp out piracy in the Gulf of Guinea
16:24 Stena Line will move its Europoort-Killingholme service to Immingham
16:00 Yantar shipyard to build rescue ship of Project MPSV06M for Marine Recue Service
15:36 Sea Port of Saint-Petersburg hosts introductory practical training for students
15:13 The Port of Rotterdam Authority, Customs, Fresh Produce Centre and Portbase join forces to facilitate the growth market of refrigerated products
14:25 Seanergy takes delivery of two Capesize vessels with prompt commencement of period charters
13:51 Total throughput at the ports of Bremen increases once again during Q1 4 June 2021
13:32 Roman Gorgutsa appointed as General Director of Morstroytechnology
13:28 Mitsui E&S Machinery and 22 industry players kick off studying ammonia as an alternative marine fuel
13:04 MOL and ACSL use flying drone to conduct autonomous inspection of vessel holds under non GNSS and dark environment
12:49 Port of Los Angeles becames the first port in the Western Hemisphere to process 10 million container units in a 12‑month period
12:38 Oboronlogistics receives RS certificate on safety management of cargo ship Sparta
12:14 CNES and CMA CGM sign unique partnership agreement to spawn innovative solutions for shipping, logistics and the space industry
12:01 APM Terminals continues roll-out of digital export processing at Russian terminals
11:57 Russian Railways: Loading of export cargo bound for domestic ports grew by 8% in 5M’21
11:34 RS and GTT sign new cooperation agreement
11:33 Xeneta selects CLIVE Data Services’ ‘dynamic loadfactor’ data and analyses to deliver complete air cargo market intelligence
11:11 Stagnation in R&D investment creating unacceptable risk for industry zero emissions future - ICS
10:50 Throughput of port Riga (Latvia) in 5M’2021 dropped by 15.1%
10:29 Rosneft agrees heads of terms to sell a stake in the Vostok Oil Project to a consortium of Vitol and Mercantile & Maritime
10:08 DRAX and Mitsubishi Heavy Industries sign pioneering deal towards delivery of the world’s largest negative emissions project
09:52 Throughput of Russian seaports in 5M’2021 fell by 2.7% Y-o-Y
09:40 Oil prices continue decreasing
09:23 Baltic Dry Index as of June 10
09:16 MABUX: Global bunker prices may rise slightly on June 11.
09:04 The port of Rotterdam Authority intends to build brand new port information centre
08:02 Rolls-Royce to showcase future South Korean naval power and propulsion

2021 June 10

18:45 Equinor sells its refining business in Denmark to Klesch
18:25 Rolls-Royce builds new fuel cell demonstrator to ensure electricity supplies
18:05 DNV predicts that marine finfish production in deeper waters offshore will take a 13% market share in 2050
18:00 Comprehensive programme on development of Yamal resource potential to be developed by October 2021
17:51 Contract awards for PSVs in UK