SEA-LNG’s Post

“CSET: ‘World’s first’ LNG dual-fuel VLCC gets on #UNGC’s ESG+20 list” #VESSELS December 10, 2024, - Naida Hakirevic Prevljak “Yuan Rui Yang, the “world’s first” #liquefiednaturalgas (#LNG) #dualfuel #verylargecrudecarrier (#VLCC), has been selected as one of the top 20 #corporatesustainability case examples by the #UnitedNationsGlobalCompact (UNGC).” “On November 29, 2024, UNGC and the University of Nottingham Ningbo China (UNNC) officially launched a joint sustainability case collection in Beijing.” “Titled “20 Case Examples of Private Sector’s Sustainable Development in China for 20 Years”, the report highlights exemplary environmental, social, and governance (#ESG) practices among corporations in China, illustrating their significant role in the #transformation towards #sustainabledevelopment .” “Since its delivery, Yuan Rui Yang has completed 18 #voyages , consuming a total of 12,000 tons of LNG, with #carbondioxideemissions reduced by about 30% compared with traditional #fueloil , and #sulfuroxideemissions being almost zero, the company said.” “The construction and operation of the Yuan Rui Yang is said to be an important milestone in CSET’s sustainable development and innovation as well as a starting point for the company’s focus on #greenshipping and #decarbonization . In 2023, the company formulated the Green and Low-Carbon Transformation and Development Program, placing orders for #greenmethanol dual-fuel tankers, LNG-ready #tankers , and #methanol -ready tankers.” https://lnkd.in/eS8-emFg Source- original post Read all my posts #MariusPreston

Following several years of industry action, the key elements necessary to kickstart the transition to zero-emission shipping are now coming into place Global Maritime Forum International Maritime Organization #GlobalMaritimeForum #internationalmaritimeorganization #greenammonia #aggregation #internationalsustainablefueltargets #RobbanAssafina

On 1 January 2025, the FuelEU Maritime regulation will enter force, requiring vessel fleets sailing in EU territorial waters to cap their lifecycle greenhouse gases (GHG) at 89.34 g CO₂-eq/MJ through 2029. This law has prompted marine shippers to gradually include renewable fuels into their fuel mix, such as CMA CGM, which conducted a successful pilot of the bunkering of liquified #biomethane (LBG) on 19 October. The pilot took place at the Port of Amsterdam where Shell delivered 100 tonnes of LBG, while another LBG bunkering operation is expected at the port of Singapoure, as part of the Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC). A recent study by SEA-LNG asserts that LBG could cover up to 3% of the total energy demand for shipping fuels in 2030 and 13% in 2050. https://lnkd.in/dMNrJRzr

Royal Caribbean accused of LNG greenwashing by global shipping campaign ‘Royal Caribbean’s promotion of LNG as a clean fuel is a deceptive tactic designed to mislead consumers, investors, and the public. Their flashy sustainability initiatives hide the grim reality underneath,’ says Say No to LNG – Global Shipping Campaign. https://lnkd.in/gVXJjzxw #bunkers #bunkering #maritime #shipping #marinefuel #marinefuels #bunkerindustry #bunkerfuel #imo2030 #imo2050 #sustainable #decarbonisation #decarbonization #marine #emissions #zeroemission #zeroemissions #alternativefuel #alternativefuels #lng #lngindustry #lngshipping #lngbunkering 

As global seaborne trade reaches new heights, the shipping industry faces growing pressure to reduce GHG emissions. With the IMO's ambitious targets, how can the GCC lead the way in maritime sustainability? Discover how the region’s petrochemical producers can spearhead this crucial transition and the strategies required to overcome existing challenges in my latest article. Read more about the GCC's potential in low-carbon maritime fuel adoption and the vital role of collaboration and innovation. #Sustainability #MaritimeDecarbonization #GCC #AlternativeFuels #EnvironmentalImpact #GPCA #ShippingIndustry #LNG #Ammonia #Hydrogen #Methanol #IMO

Another day, another milestone in shipping’s alternative fuel transition!     Congratulations to the Rotterdam-Singapore Green and Digital Shipping Corridor for conducting a successful pilot for the bunkering of mass-balanced liquefied biomethane at the Port of Rotterdam. A total of 100 tonnes of mass-balanced liquefied biomethane was supplied by Shell on 19th October to the CMA CGM container ship CMA CGM TIVOLI.    Our COO, Steve Esau, commenting on the latest progress notes: “With COP 29 having recently drawn to a close, we’re delighted to see one of the key outcomes from COP 26, the Clydebank Declaration to develop green shipping corridors, bearing real fruit via the Rotterdam-Singapore corridor and liquefied biomethane.”    “With SEA-LNG leading the Methane Track of the Rotterdam-Singapore Green Corridor, we have been developing pilots to test regulatory and buyer acceptance of ISCC EU certified mass balanced LBM as a marine fuel in both Rotterdam and Singapore. Our aim is to help create the commercial framework enabling LBM and other alternative marine fuels to scale.”    “This moment marks a major milestone in the alternative fuels transition and has required collaboration from across the entire biomethane value chain, from producers, terminal operators, ports, shipping lines and bunker fuel suppliers.  It sets a precedent for other green corridor initiatives and provides lessons for the shipping industry’s transition to alternative marine fuels.”    Read more on the announcement here: https://lnkd.in/edBnFDus    #Decarbonisation #LNG #ShipsAndShipping 

In an interview with S&P Global, Jesse Fahnestock, the project director for decarbonisation at the Global Maritime Forum, spotlights the European Union's Fit for 55 programme as an essential first step in highlighting the role of national and regional governments in advancing sustainable shipping practices. Read full article ➡ https://bit.ly/3Jhc4ZU "We expect that other countries will follow suit, though maybe using different tools such as subsidies, contracts for difference and the like," says Fahnestock. He also advocates for the exploration of hydrogen-based fuels such as e-methanol and e-ammonia for a green transition, casting doubts on LNG's efficacy in reducing greenhouse gas emissions. For a deeper dive into what trade flows for zero-emission fuels could look like by 2030, read our latest report ➡ https://bit.ly/4axqLUI Our Getting to Zero Coalition is driving industry ambition by focusing on mid-term measures to align with the revised strategy. Fahnestock also stressed the importance of transparency through initiatives like the Sea Cargo Charter and the Poseidon Principles. 

Great views from Alexander Döll and Methanol Institute . Time is for co operation and this needs an All hands on deck approach including Low carbon options like Blue methanol which is cost effective. Trust IMO rules will be much suited for low carbon products and then transitioning towards Greener/renewable options

The Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) partners have conducted a successful pilot for the bunkering of mass-balanced liquefied bio-methane (LBM) at the Port of Rotterdam (PoR). https://lnkd.in/deu3pnCn

As shipowners navigate the complexities of the energy transition, their flexible and adaptive approach deserves recognition. Shipping, at its core, is a business of risk management, and the choice of fuel is no exception. It's crucial that we focus on collaboration rather than competition. At Methanol Institute we believe that the entire shipping ecosystem—suppliers, buyers, and carriers—must work together to help charterers and end consumers understand that the journey toward a greener future comes with a higher price tag. In my recent op-ed in TradeWinds I discuss this topic further, particularly in light of Maersk’s consideration of adding LNG-fueled vessels alongside its methanol-powered fleet. The overlooked truth here is that collaboration, not competition, will drive our industry forward. Today's announcement from Ørsted regarding the shutdown of the Flagship One renewable methanol project in Sweden is a stark reminder of the challenges we face. While this decision is disappointing and certainly a setback in our journey to achieve net-zero carbon emissions, it does not diminish the potential of green methanol as a critical marine and aviation fuel. However, Ørsted’s move highlights the urgent need for strong national government support at the International Maritime Organization to drive investment in green fuel production capacity. Our commitment to the energy transition must remain steadfast, even in the face of such challenges. A.P. Moller - Maersk Global Centre for Maritime Decarbonisation (GCMD) MissionPoint Partners WBCSD – World Business Council for Sustainable Development Ørsted Methanol Institute International Maritime Organization COP29 Azerbaijan Nancy Gillis Faustine Bas-Defossez Methanex Corporation OCI Global Proman SABIC Koch #EnergyTransition #GreenShipping #Methanol #SustainableFuels #Collaboration #IMO #EU #MaritimeIndustry #NetZero #climateweekNYC