Korean Register (KR) has granted an Approval in Principle (AIP) for a methanol-fueled MR (medium-range) tanker, jointly developed by KR, South Korean Shipbuilders K Shipbuilding and equipment manufacturer S&SYS at Nor-Shipping 2023 in Oslo, Norway on 6-June-2023. As part of the Joint Development Project (JDP) between the three companies, the MR tanker is designed as a dual-fuel vessel, harnessing the…
A joint study released by Environmental Defense Fund (EDF), Lloyd’s Register (LR), and Ricardo PLC examines the potential marine environmental impacts of Ammonia spills during its use as a shipping fuel. Ammonia generated from renewable energy is considered a sustainable alternative to fossil fuels as the shipping industry decarbonizes. The study, which used extensive modelling due to the scarcity of…
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…
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…
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…