Tag: alternative fuels

South Korea will sign an agreement with the state-run Korea Gas Corp., local shipbuilders and provincial port authorities to initiate a project. which aims to to build 80,000-ton LNG-propelled vessels by the end of 2018. With these orders, South Korea attempts to further promote green shipping and enhance the industry.

The German Ministry of Transport and Digital Infrastructure released an announcement in which it calls any German companies seeking to switch to LNG as a marine fuel to submit their applications until February 28, 2018.

Marine bunker suppliers should anticipate that there may no longer be significant demand for fossil fuels from shipping within as little as 25 years, if not sooner, and that the sector is now on an inevitable trajectory towards a future of zero CO2 emissions, ICS noted.

The arrival of an LNG plant is an important first step towards the port's goal of being fossil-free in 2045. The initiative also comes in line with the partly EU-funded Bothnia project, which seeks to upgrade the existing maritime link between ports in the Baltic Sea, to further comply with the environmental regulations.

The everlasting challenge for shipowners is overcapacity, aided by government subsidies and support measures that encourage shipyards to produce ships that are surplus to requirements, according to ICS Director of Policy, Simon Bennett.

Multiple fuel choices will be a headache for ship-owners, but no fuel choice will avoid the inevitable requirement to install exhaust gas treatment systems, was the key message at the Exhaust Gas Cleaning Systems Association conference in Singapore.

This MOU was settled to enhance further cooperation for Astomos and KPC to share and research information for further collaboration in the fields of consideration of LPG fueled vessels, organizing global supply sites and many other fields relating to LPG bunkering.

ABB announced that it is going to deliver the first fuel cell system to Royal Caribbean. The system will be used on board a Royal Caribbean International vessel and will be the first fuel cell system to provide an energy source for a cruise ship.

SK Innovation, Korea’s largest oil refiner, has invested $897 million in order to build a desulfurization facility at its refinery in Ulsan. The decision made, complies with the sulphur cap limit which will be in force from January 2020.

“Ports have to be ready for the coming energy transition. Vessels can’t compromise too much cargo space for fuel tank installation, so those ports who are in a key position for trunk line services, such as Yokohama and Singapore, should give priority to their development of LNG bunkering infrastructures,” Mr. Morooka of YKIP said.