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WORLD: SKU: Multi-fuel future could mark the end of low-cost maritime trade – Bunkerspot

A new technical report released by the Union of Greek Shipowners (UGS) suggests that the shift to a multi-fuel future “could in fact herald the end of low-cost maritime trade and its mainstay, the international bulk transport model. /tramp”.

Published last week, the report, Technical aspects related to the decarbonisation of the maritime sector, which complements the UGS survey on Alternative fuels -Technologies for maritime transport, published earlier this year, presents a technical perspective on potential alternative marine fuels and vessel technologies that need to be developed to enable the decarbonization of the shipping industry.

In conclusion, the report states that it is “obvious” that the decarbonization of the maritime transport sector is “not a simple task and, certainly, not a task for one single market player”. He found that shipowners, charterers, shipbuilders, engine builders, fuel producers and distributors, infrastructure providers, ports and policy makers “will all need to coordinate their actions to achieve the ambition. of the “Fit for 55” package and its maritime initiatives ”.

It also determined that “much more research is needed” to develop cost-effective, low-carbon, zero-carbon fuel options, which can be produced at scale, while investments in infrastructure will also be required (including including shore power supply (OPS) for ports and biofuel production) already in the coming years.

The report also found that emerging alternative fuels, such as ammonia, methanol or hydrogen, require a new generation of internal combustion engine and technological advancements not yet developed for ocean-going vessels. Such a technology will have to be developed by players outside the sector – energy suppliers, engine builders and shipyards. This, according to the report, requires the development of technical regulations and rules for safe design and use on board ships alongside the technological advancements necessary for their adoption.

All of these factors, the report concludes, could spell the end of low cost maritime trade and the international bulk / tramping model “which is responsible for over 84% of the world’s sea tonne-miles”.

As Bunkerspot previously reported, UGS last week expressed support for the Greek Prime Minister’s call for a European research center for alternative marine fuels and technologies.

To concern Technical aspects related to the decarbonisation of the maritime sector, Click on here.


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