Methanol and ammonia have transitioned from theoretical concepts to viable zero-emission shipping fuels, according to a Global Maritime Forum report. Methanol is ready for low-carbon operations, while ammonia is prepared for piloting. However, challenges remain, requiring collaboration among stakeholders to scale these technologies effectively and create necessary growth conditions.
Fuel suppliers and shipping companies are exploring non-FAME biofuels, but CTI-Maritec warns against using Cashew Nutshell Liquid due to harmful compounds. Ships in Singapore and Rotterdam reported issues after using VLSFO blended with CNSL. CTI-Maritec advises against using CNSL as a marine fuel, recommending established biofuels instead. Understanding blend compounds is crucial for safe fuel usage.
Shipping companies are navigating the complexities of the FuelEU Maritime regime to reduce compliance costs and penalties for failing to meet carbon intensity reduction targets. OceanScore is providing estimates on compliance surpluses available through pooling to assess costs and potential earnings. Companies must consider biofuel burning and pooling as cost-effective alternatives to penalty payments as regulations become stricter.
Peninsula, a leader in marine energy solutions, successfully bunkered the Thor Highway car carrier with LNG in Gibraltar. Operated by “K” LINE, the vessel showcases a commitment to lower carbon shipping. Peninsula’s Tokyo office played a key role in the operation, highlighting their expertise in providing sustainable fuel options. The partnership reflects Peninsula’s dedication to leading the marine energy transition.
The 2024 edition of The Future of Maritime Safety Report by Inmarsat Maritime reveals a 7.6% decrease in GMDSS distress calls in 2023. Despite this improvement, challenges persist in maritime safety due to emerging risks from future fuels and geopolitical tensions. The report emphasizes the need for data sharing and collaborative solutions to enhance industry safety standards and practices.
Ocean Network Express (ONE) is investing in methanol dual-fueled containerships, part of a $20 billion fleet and operations strategy. The vessels, to be delivered in 2027, will have a capacity of 13,000 TEU and feature state-of-the-art technologies for fuel efficiency and GHG emissions reduction. The move aligns with ONE’s sustainable goals.
