Swedish ship management company Marinvest has signed a contract with Kongsberg Digital to roll out Vessel Insight to optimise performance and reduce emissions on five of its 10 oil and chemical tankers. The installations have already commenced.
Alfa Laval is to acquire StormGeo for NOK 3,630M (USD 442M) on a debt and cash free basis to accelerate its digital services offering and to add an additional tool to its decarbonising offering.
The Bahamas Maritime Authority (BMA) has announced that all of its certification is now available electronically.
Kongsberg Digital and Yxney, an energy efficiency specialist who helped customers achieve combined savings of more than 60,000 tonnes of CO2 in 2020, have teamed up to offer shipowners and operators a unique tool for fleet energy management.
Maritime technology company ZeroNorth has announced the opening of a new office in Piraeus, Greece, to further its aim to support more shipowners and operators to digitalise and decarbonise their operations. We asked CEO of ZeroNorth Søren Meyer what the new location means for the company.
DNV GL will change its name to DNV on March 1, 2021. The move comes after a comprehensive review of the company’s strategy as it positions itself for a world in which many of DNV’s markets are undergoing fundamental change.
Maritime technology company ZeroNorth and software developer Veson Nautical have signed a new strategic product partnership that will allow ZeroNorth’s vessel optimisation software, Optimise, to integrate with the Veson IMOS Platform (VIP). The integration will enable a seamless transfer of data for joint customers.
Ocean Infinity has announced plans for the next phase of its Armada fleet of robotic vessels with a signed contract for eight 78-metre, optionally crewed robotic vessels.
Mitsubishi Shipbuilding has joined an inter-business project to explore the potential of the "ROBOSHIP" as the marine vessel of the future.
DNV GL – Maritime has released the fourth 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 decarbonisation. It is based on a library of 30 scenarios which project future fleet composition, energy use, fuel mix, and CO2 emissions to 2050. Sixteen different fuel types and 10 fuel technology systems are modelled in the report.
“The grand challenge of our time is finding a pathway towards decarbonisation,” said Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime. “Reducing GHG emissions is rapidly becoming the defining decision-making factor for the future of the shipping industry. The pressure to act decisively is mounting. Perfect is the enemy of good, and so we mustn’t wait for an ideal solution to arrive and risk making no progress at all. Using a wide range of scenarios involving different fuel types and technologies, and varying degrees of regulatory pressure, our new report helps to map a way forward, offering shipowners clear insights on how to meet the challenges and opportunities ahead.”
The Maritime Forecast identifies the choice of fuel as the essential factor in decarbonising shipping. The industry is at the beginning of a transition phase, with many potential options emerging alongside conventional fuels. This increasingly diverse fuel environment means that engine and fuel choice now represent potential risks that could lead to a stranded asset. Factoring in the impacts of availability, prices and policy, on different fuels, makes the choice even more complex.
To capture this complexity and help make this picture clearer the Maritime Forecast offers a wide range of scenarios, outlining the potential risks of a particular fuel choice. To make the ramifications concrete, alongside the pathways, the Maritime Forecast includes detailed analysis of a Panamax bulk carrier newbuilding. By stress testing technology decisions under the various pathways and scenarios, the Forecast presents potential performance and the carbon robustness of the various design choices.
The 30 scenarios result in widely different outcomes for the fuel mix in the fleet. In the scenarios with no decarbonization ambitions, very low sulphur fuel oil, marine gas oil and LNG dominate. While under the decarbonization pathways, in 2050 a variety of carbon-neutral fuels holds between 60 per cent and 100 per cent market share.
Under the decarbonisation scenarios it is hard to identify clear winners among the many different fuel options. Fossil LNG gains a significant share until regulations tighten in 2030 or 2040. Bio-MGO, e-MGO, bio-LNG and e-LNG emerge as drop-in fuels for existing ships. By 2050, E-ammonia, blue ammonia and bio-methanol frequently end up with a strong share of the market and are the most promising carbon-neutral fuels in the long run.
A surprising result from the model is the relative limited uptake of hydrogen as a ship fuel, as a result of both the estimated price of the fuel and the investment costs for the engine and fuel systems. Hydrogen, however, plays an integral role as a building block in the production of several carbon-neutral fuels such as e-ammonia, blue ammonia and e-methanol, all of which gain significant uptake under the decarbonization pathways. It may also find niche applications in some vessel types, such as ferries and cruise vessels, as well as in specific regions where investments have been made into local production and distribution.
The Maritime Forecast to 2050 is part of a suite of Energy Transition Outlook (ETO) reports produced by DNV GL. The ETO has designed, expanded and refined a model of the world’s energy system encompassing demand and supply of energy globally, and the use and exchange of energy between and within ten world regions.
The full Maritime Forecast to 2050 can be downloaded here.
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