Page 21: of Maritime Reporter Magazine (August 2022)

to make use of alternative fuels and technology to start reduc- like LNG and biofuel. The ? rst large bulk carriers to use LNG ing its emissions right away. entered service in 2022 while LNG powered RoRo vessels

Decarbonization will transform the shipping industry’s risk and tankers are under construction, LNG group SEA-LNG landscape. As the industry plots its course through the transi- says 90% of new car and truck carriers that will enter the mar- tion, it will need to ensure risks are contained within acceptable ket in the coming years will be dual fuel LNG. CMA CGM is limits. As we have seen with the development of container ship- to test biofuel on 32 of its container ships this year.

ping, there can be unintended consequences with innovation. The decarbonization of the industry will require big invest-

The introduction of low-carbon alternative fuels also brings ments in green technology and alternative fuels. It is essential a number of risks. A growing number of vessels are being that the transition to low-carbon shipping does not create new built or converted to run on lique? ed natural gas (LNG) and risks with unintended consequences.

biofuel, including some large container ships. Further ahead, a number of projects are underway to test a range of alternative

The Author fuels, including ammonia, hydrogen and methanol, as well as onboard carbon capture technology. Maersk, for example, is

Lund to run eight methanol-powered container ships from 2024.

Captain Randall Lund is a Senior

Marine Risk Consultant at Allianz

In January 2020, the International Maritime Organization

Global Corporate & Specialty. He (IMO) introduced a new lower limit on sulfur content in ship- has 25 years experience as a Marine ping fuel. The development of new fuels such as hydrogen

Surveyor and 21 years as a Marine and ammonia will take time, so in the meantime ship owners

Accident Investigator.

are being encouraged to switch to existing lower-carbon fuels,

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