To summarize relevant regulations and current status based on the understanding of characteristics of biofuels for ships and explain factors to be considered when biofuels are used in ships, including characteristics and prospects in terms of biofuel production
Publication year: 2023
Commercial Readiness of Absolute Zero GHG Technologies
ZESTAs’ paper discusses findings from the MARIN NL Model for ESSF SAPS, which compares various marine fuels’ greenhouse gas emissions over a 100-year Global Warming Potential (GWP), noting that some fuels produce 0% emissions over this period. Only technologies reaching at least demonstration stage (TRL7 or higher) are considered. Additionally, references are made to Technology Readiness Levels (TRLs) and Commercial Readiness Levels (CRLs) following expanded definitions presented to ISWG-GHG 14 by IMO Secretariat, DNV, and Ricardo plc on 22nd March 2023.
The Poseidon Principles: 2023 Annual Disclosure Report
The Poseidon Principles, embraced by 80% of global ship finance, have aligned with the IMO’s net-zero emissions ambition by 2050, reflecting a commitment to climate action and transparency in maritime lending decisions. Despite industry challenges, such as port congestion and personnel shortages, the principles have shown significant progress in decarbonization efforts, with a +95.4% reporting percentage indicating growing industry recognition of the importance of transparency and collaboration in achieving sustainability goals. The publication of the 2023 Annual Disclosure Report highlights the shipping finance sector’s leadership in fostering a more sustainable future for the maritime industry.
Cost of Regulatory Compliance Lower with LNG
To provide information on the impact of alternative fuels choice
Review of maritime transport 2023; Towards a green and just transition
To analyze trends in seaborn trade, global shipping services, freight rates, infrastructures at ports in 2023. etc., and discuss challenges in relation to the transition to decarbonization
Maritime Forecast to 2050
To analyze the current state of the shipping industry’s carbon emission reduction transition and the prospects for new technologies and stretegies, including ship design and fuel selection, necessary to achieve full net-zero
GHG emissions 2030 in shipping – Analysis of the maximum technical abatement potential
To analyze the greenhouse gas emissions of international shipping based on the fuel life cycle (WtW). The main finding is that global shipping can reduce carbon emissions by half within 10 years with minimal impact on international trade.
According to the report, by 2030, emissions are projected to decrease by 36 to 47 percent compared to 2008 through the use of 5 to 10 percent zero or near-zero fuels, wind assistance technology, and ‘climate optimizing’ of ships.
Oil Analysis & Forecast to 2028
To provides analysis, data, and information on the demand, supply, refining, and logistics distribution of petroleum resources. Based on the current data identified, the paper predicts the demand and supply of fuel oil energy resources on land and at sea until 2028 and provides related information. In addition, the outlook for international petroleum-based energy is analysed based on development information on new and renewable energy produced by region, especially in the Middle East and Asia, including China and India.
Safe Bunkers of Biofuels
To ensure the safe biofuel bunkering of ships at ports, the characteristics that may arise in biofuel bunkering are summarized and explained based on the existing regulations and procedures for conventional marine fuel bunkering.
Taking Action on Operational Efficiency (Operational Efficiency Ambition Statement Actions Report)
To analyze the experience and content of 26 shipping companies introducing 70 measures aimed at improving operational efficiency and reducing GHG emissions.
Based on this, in order to improve ship operation efficiency, the report describes key issues and related cases in which interested organizations, such as ship owners, charterers, management companies, ports, and terminals closely related to ship operation, should cooperate with each other.