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.
Topic: Alternative fuels
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.
Oceans of Opportunity
To explain the impact of green methanol and ammonia and propose the implementation of zero-emission fuel bunkering at ports by 2030
Fuel For Thought Ammonia: Expert insights into the future of alternative fuels
To evaluate the viability of ammonia as a sustainable alternative marine fuel, considering the current status of technology, regulatory and safety aspects, economic feasibility, and environmental impact.
Availability of E-fuels and E-fuel-capable Vessels from 2027–2030
To assess the market readiness of e-fuels and e-fuel-capable vessels for commercial deployment in the maritime sector between 2027 and 2030. The report seeks to provide insights into the production capacity of e-fuels, the readiness of vessels to use these fuels, and the alignment of these elements to support ZEMBA’s next tender process. The study also aims to identify challenges such as financial barriers and deployment mismatches, offering strategies to accelerate zero-emission technology adoption in shipping.
Economic benefits of building zero-emission capable vessels in East Asia
To evaluate the economic opportunities for shipbuilding countries – China, the Republic of Korea, and Japan – through the construction of zero-emission capable vessels (ZECVs).
To explore the potential revenues generated by replacing conventional ships with ZECVs and highlight the role of first-mover advantages in the shipbuilding market.
Maritime Forecast to 2050
To emphasize the necessity of improving energy efficiency and establishing fuel transition strategies to achieve the decarbonization targets of IMO. This report explores methods to maintain the competitiveness of international shipping by 2030, focusing on fuel reduction, digitalization, and carbon capture technologies. Additionally, it examines strategies for expanding related infrastructure and addressing cost increases, providing insights into strategic responses to these challenges.
Economic value of methanol for shipping under fuelEU maritime and EU ETS
To evaluate the economic viability of bio-methanol and e-methanol as sustainable marine fuels within the regulatory frameworks of FuelEU Maritime and the EU Emissions Trading System (ETS). The report provides an analysis of compliance pathways and the economic incentives for adopting these fuels compared to fossil fuels such as VLSFO, emphasizing the penalties for non-compliance. The findings support the potential of these regulations to facilitate a transition to sustainable fuels by creating a stable investment environment for fuel producers and encouraging adoption by shipping operators.
Risk assessment of ammonia bunkering operations: Perspectives on different release scales
To evaluate the operational risks associated with accidental ammonia releases during bunkering operations, focusing on small, medium, and large release scales of ammonia and explore factors such as bunkering supply, release, and meteorological conditions, this study performs a sensitivity analysis to identify the most influential factors affecting ammonia dispersion risks.
Green ammonia adoption in shipping: Opportunities and challenges across the fuel supply chain
To investigate the viability of green ammonia as a shipping fuel, exploring its technical, economic, and infrastructural challenges.
To identify barriers and opportunities for its adoption within the shipping sector, focusing on its potential to align with the Paris Agreement goals of limiting global warming to 1.5°C.