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  • 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 December 6

14:35 Cargo traffic within Azov-Don Basin of Russia’s IWWs fell by 14.2% in 2021
14:03 Jan De Nul recieves the transport & installation for Vesterhav Nord & Syd wind farm in Denmark
13:48 Onezhsky Shipyard lays down sixth crab catching ship for Russian Crab Group
13:16 DOTr, PPA unveil P316 million Zamboanga port expansion
12:42 Cargo transportation by Volga-Don Canal decreased by 10.6% in navigation season 2021
12:14 New technology risks must be tackled despite decade of progress in ship safety, warns DNV
11:57 Сruise ship Peotr Veliky made first technological voyage
11:38 Mohammed bin Rashid and Mohamed bin Zayed launch UAE Rail Program
11:14 IAA PortNews’ summary of previous week news
10:51 MABUX: No firm trend on Global bunker market on Dec 06
10:20 New shipyard for large-capacity facilities should be built in Russia – opinion
09:29 Crude oil market sees recovery of prices
09:12 Baltic Dry Index as of December 3

2021 December 5

15:03 GasLog Ltd. places order at DSME for four 174000m3 gas carriers
13:27 USCG holds annual SaR exercise off Maui
12:33 Port of Felixstowe tops 100 million TEU
11:51 Vuosaari fairway deepening project completed on schedule, safely and under budget
10:47 New regional technology clusters in WA and Qld driving growth in Australia’s hydrogen sector

2021 December 4

15:21 MOL and Flotation Energy to explore offshore floating wind in Japan
14:51 Sembcorp Marine's LMG Marin to design world’s first zero-emission fuel tanker
13:09 USCG, royal Turks and Caicos Islands Police Force sign MOU
12:34 The Hurtigruten terminal has been renamed Jektevik terminal
11:02 Port of Rotterdam Authority embarks on partnerships with three promising maritime companies

2021 December 3

18:26 Hydrographic Company set to establish Center of Engineering and Technical Expertise
18:07 ABP Humber complete oil spill incident management exercise
17:52 Wärtsilä OPTI-DP Engagement Tool supporting the marine industry to configure optimised propulsion arrangements for DP vessels
17:45 Ocean Network Express conducts a joint crisis management drill with Seaspan Corporation
17:40 Transport Strategy of Russia until 2030 with forecast until 2035 published on official portal
17:22 MSC adds Hamburg to its feeder service „Baltic Loop 3“
17:02 Vyborg Shipyard launches KMT01 trawler named Kara Sea
16:32 South African minister visits Port of Rotterdam to discuss hydrogen exports
16:05 PD Ports contracts Konecranes to convert four RTGs to electric
15:31 Four Jones Act CTVs built to ABS Class to support U.S. offshore wind development
15:17 ABS, NYK, MTI and WinGD team-up to verify design with modeling and simulation
14:03 Jurong Port joins the Castor Initiative
13:30 ABS awards sustainability notations to two Harvey Gulf vessels
13:04 Kapitan Dranitsyn and Admiral Makarov icebreakers reinforced icebreaker group on NSR
12:57 Royal IHC delivers key components for “R.B. Weeks” to Weeks Marine
12:42 Icebreaker assistance season begins in White Sea waters
12:17 Sailing practice of 2021 on Mir sailing ship successfully completed
11:21 NCSP Group's consolidated revenue for 9M’2021 rose by 9.3%
10:53 Foreign contractors can be involved to build LNG-powered icebreakers for Arctic
10:38 MABUX: Bunker prices may demonstrate multidirectional changes with tendency to grow on Dec 3
10:29 The Korean Register publishes guidance for containers loading on bulk carriers
10:20 MSU-1 to perform reconstruction of Gorodetsky hydrosystem locks
09:57 Annual repair dredging in Gulf of Ob from 2023 estimated at 5 million cbm
09:35 Crude oil prices rise on OPEC+ decision to keep oil output increase in January
09:18 Baltic Dry Index as of December 2

2021 December 2

18:36 NRP buys handysize drybulk carrier
18:06 2M Alliance’s Far East liner service „AE 7/Condor“ calls at Hamburg again
17:54 Icebreaker assistance season starts in Big Port St. Petersburg on December 7
17:36 Vitol is first customer to approve completely digital inspection of cargo tanks
17:15 BIMCO launches new contract for employment of security escort vessels
16:45 GTT will design the tanks of four new LNG carriers ordered by Daewoo Shipbuilding & Marine Engineering to operate in Arctic waters
16:25 MOL announces delivery of next-generation coal carrier 'EeneX' series
16:05 PSA & ONE launch environmentally friendly barge service at Jurong Island Terminal
15:42 “K” Line conducts trial use of marine biofuel for decarbonization on car carrier
15:38 Wärtsilä wins order to supply cargo handling system for second LNG bunker vessel being built by Fincantieri Bay Shipbuilding
15:23 Verifavia launches industry’s first real-time carbon intensity indicator dashboard
14:55 Two more LK-60 icebreakers needed for regular year-round navigation on Northern Sea Route