Tag Archives: Shipping

New UCL report claims $850bn of LNG-capable tonnage risks being stranded by 2030

UCL Energy Institute is a very influential research group. The UCL part is University College London. Their investigation of LNG-fueled vessels indicates that these ships are not on the best path to reduce carbon emissions. Thus, many of them being built now will need to be scrapped early.

A news piece written by the institute indicates as much as $850 billion of shipping may have to be scrapped.

The study could be quite influential. Shipowners have recently been investing in LNG-powered ships to produce reduced emissions now, especially since methane emissions are not being measured as they should. LNG ships emit methane, a worse greenhouse gas than CO2, through slip from the engine and the fuel handling operations. Most ships have not put in place advanced methane recovery systems.

The ships involved are dual-fuel ships that burn both oil and LNG, as well as single-fuel LNG powered ships.

The scientific evidence seems to indicate that LNG power may actually be worse than Low Sulphur Heavy Fuel Oil (LSHFO) when all the lifecycle emissions are analyzed. So the ultimate economic effect of the now LNG builds may turn out to be quite a waste of money.

The full report from the UCL Institute can be read here.

Sam ChambersSeptember 21, 2022

New UCL report claims $850bn of LNG-capable tonnage risks being stranded by 2030 – Splash247

Plans primed to get more Ukrainian exports moving

Ukranian nationals can now work as seafarers abroad, to help relieve the shipping problems Ukraine has been seeing since the war with Russia started.

Russia and Ukraine have signed a Black Sea Grain Initiative which allows Ukranian goods to be shipped from three seaports in a safe corridor. Ukraine is a major exporter of wheat and other foodstuffs which are needed throughout the world. There’s a large inventory on hand from previous harvests. Fertilizer is also an export much needed in the rest of the world for agriculture. So far 44 ships carrying over 1 million tons have left through the seaports.

In a danger zone there is always a concern about seamen. Allowing Ukranians to serve as seamen will reduce the problem of finding crews for these vessels. Ukranian infrastructure minister Oleksandr Kubrakov said Ukraine is ready to increase volumes to 3 million tons a month to prevent global food shortages.

Sam ChambersAugust 29, 2022

Plans primed to get more Ukrainian exports moving – Splash247

Shipping must have ‘well-to-wake’ emissions standards, says WSC

The World Shipping Council wants the maritime industry to use a ‘well-to-wake’ measure for ships’ emissions, rather than a simple CO2 measure at the stack. It’s a good point.

Ocean shipping firms will do only as much as is required. And the current picture based on the International Maritime Organization (IMO)’s CII regulations, doesn’t require taking account of emission sources in the supply chain of fuels, or the greenhouse effect of process emissions such as methane leaks.

IMO’s own study shows that LNG may reduce smokestack emissions, but total greenhouse emissions are even greater than conventional fuel oil.

By Charlie Bartlett, Technology Editor 26/08/2022

Shipping must have ‘well-to-wake’ emissions standards, says WSC – The Loadstar