Maritime Review (November – December 2022 Issue)
(Click the cover to download the PDF version of the magazine.)
LNG
UN to Use Satellites to Spot Industry Methane Emissions
The maritime industry can help combat climate change by reducing Methane emissions to keep our global temperature at 1.5°C. Industrial Methane emissions are increasing sharply. The UN announced a new satellite-based system to detect Methane emissions and enable the public and private sectors to act on the findings. The Methane Alert and Response System (MARS) is the first public global…
Which Tanker Fuels are Best for Profits and the Environment?
To support such decision-making, DNV has been collaborating in a joint industry project (JIP) evaluating fuel technology options and energy-efficiency measures. The Roadmap towards a Zero-Emission Vessel project centers on a defined concept for two newbuild tankers (the “case ships”) of 2020 vintage. The two vessels investigated in the JIP are: An MR (about 39k dwt), trading short voyages mainly…
Setting Sail for More Efficient and Greener Trade by Sea
Increasing Relevance of Reefers. Shipping lines continue to recognize the importance of trades involving fruit, frozen meats and other foodstuffs and are maximizing the reefer potential of vessels deployed on key shipping routes, such as the West Coast of South America (WCSA) or New Zealand. It is now relatively common-place for container vessels to offer more than one third of…
Stretching Green Possibilities for Shipping Fuels
Wider use of LNG will speed up transition, but it can’t end there. In this decade, we’ll see more accelerated change in shipping fuels than we’ve seen in the last century. What does this heightened diversity mean for shipowners? They must be nimbler than ever – a shift that requires work. It means “greening” supply chains, bolstering energy efficiency, nurturing more…
Hydrogen – Energy of the Future
SUMMARY. Hydrogen is one element receiving significant attention. As an energy source, hydrogen has long been considered a possible sustainable energy in the future. But it cannot be viewed in isolation, since it is both in competition and interdependent with other energies, and the technologies that use them. The question is whether hydrogen can be an important energy carrier of…
SHELL Sets Course for Net-Zero Emissions Shipping
Today, in a new report, Decarbonizing Shipping: Setting Shell’s Course, Shell highlights the important role that hydrogen and fuel cells could play in achieving a decarbonized shipping sector. Calling for the International Maritime Organization (IMO) to adopt a clear trajectory to net-zero emissions by 2050, Shell outlines how it is contributing to accelerating the change needed in the industry to…
Market Expansion and Diversification Over The Past Decade: What’s Next for LNG?
Using Liquefied Natural Gas (LNG) as a marine fuel is a sensible strategy amid tightening regulations, new economic realities and the development of the new zero carbon fuels of the future, says Panos Mitrou, Head of Gas, Lloyd’s Register (LR). Panos Mitrou, LR’s Global Gas Segment Manager, has been dealing with LNG as fuel for the past eight years. Over…
Fuel Choice – the Essential Decision in Shipping’s Decarbonization
DNV GL – Maritime has released the 4th edition of its Maritime Forecast to 2050. The purpose of Maritime Forecast to 2050 is to enhance the ability of shipping stakeholders, especially shipowners, to navigate the technological, regulatory and market uncertainties in the industry, and set shipping on a pathway to decarbonization. It is based on a library of 30 scenarios…
LNG Retrofits: The Time is Now
LNG as fuel has long been considered the industry’s last, best hope to meet the IMO’s ambitious targets to reduce greenhouse gas (GHG) emissions by 2030. So why aren’t we seeing more LNG retrofits on existing tonnage? In April 2018, MEPC 72 adopted resolution MEPC.304(72) on the Initial IMO Strategy on reduction of GHG emissions from ships. The IMO has…
What is MGO?
The mega ships burn tons of fuel everyday to propel their engines and deliver their massive loads to different ports. Ship engines have been known to use low-grade fuel oil to lower the ship’s operating costs, since the share of fuel cost can reach between 30-50% of total operating costs of a ship. It is not a simple decision to…
Analyzing Future Marine Fuels
According to CAI International, “Since the 1960’s, Heavy Fuel Oil (HFO) has been the king of shipping fuels. A byproduct of crude oil, HFO expels 35,000 ppm into the environment and accounts for 8% of the sulfuric dioxide in the air. The arrival of the IMO 2020 fuel regulation in 2019 signaled a formal move toward alternatives to HFO like…
LNG as Marine Fuel: ABS Issues Guidance
The adoption of the ‘Initial International Maritime Organization (IMO) Strategy on Reduction of Greenhouse Gas (GHG) Emissions from Ships’ by IMO Resolution MEPC.304(72) in April 2018 demonstrates IMO’s commitment to support the Paris Agreement. The IMO strategy includes initial targets to reduce as compared to 2008 levels the average CO2 emissions per ‘transport work’ by at least 40% by 2030,…
What is LNG?
Natural gas, which took over millions of years of transformation of organic materials, such as plankton and algae, is made up of about 95% Methane, which is the cleanest fossil fuel. The combustion of natural gas mainly emits water vapor and tiny amounts of Carbon Dioxide (CO2). Its CO2 emissions are 30%-50% lower than those produced by other combustible fuels, according…
Excelerate Receives Notice To Proceed From The Philippines For Floating LNG Terminal
On 20-September-2019, Excelerate Energy L.P. (Excelerate) received the Notice to Proceed (NTP) from the Philippine Department of Energy (DOE) to develop a floating liquefied natural gas (LNG) import terminal in the Bay of Batangas per the DOE’s guidelines for “Rules and Regulation Governing the Philippine Natural Gas Industry.” The project, Luzon LNG, will supply natural gas, sourced from LNG, to…
Maritime Review (July – Aug 2019 Issue)
Life Cycle GHG Emission Study on the use of LNG as Marine Fuel
The Society for Gas as a Marine Fuel (SGMF) is pleased to announce the results of the Well-to-Wake (WtW) Greenhouse Gas (GHG) Emissions Lifecycle Research Study on the use of LNG as a marine fuel. Independent consultants of Thinkstep specializing in life cycle analysis conducted the study. SGMF and SEA\LNG commissioned the study. Dr Oliver Schuller, Team Lead Energy &…
The Top 10 International Shipping Centers
Singapore is considered as the top world’s shipping centre for the fifth year in a row, followed by Hong Kong, London, Shanghai, and Dubai. The outcome is based on the International Shipping Centre Development Index (ISCD) issued by Baltic Exchange and Xinhua news agency. The index, which was first introduced in 2014, ranks 43 of the largest global ports and…
SMM Maritime Industry Report: Sector Sees Light at the End of the tunnel
For the first time in its history, Hamburg Messe und Congress GmbH (HMC) has conducted a large-scale study asking exhibitors and visitors of the leading global trade fair for the maritime industry to give their assessment of the sector’s economic and technological development. The SMM Maritime Industry Report (SMM MIR) shows that the industry is looking to the future with…
Russia May Enact Cabotage Law for Arctic Oil and Gas
17-November-2017. Russian President Vladimir Putin gathered a group of top-level shipping executives at the Kremlin to encourage them to fly the Russian flag and direct their business to a Russian shipyard. Attendees included top-level leaders from Rosneft, Gazprom, Novatek and the United Shipbuilding Corporation. Putin has previously asked Russian shipowners to commit to ordering newbuilds at the new Zvezda shipyard…