Port of South LouisianaTOC EventsCleveland Cascades LtdTBA GroupVan AalstSailors Society
  • Port of South Louisiana
  • Port of Stockton
  • Multimodal 2022
  • Sailors Society
  • Vigan
  • The Wolfson Centre for Bulk Solids Handling Technology

DNV helps shipowners navigate technologies to meet GHG targets

DNV helps shipowners navigate technologies to meet GHG targets

(Posted on 02/09/21)

DNV, the world’s leading classification society, has launched its latest Maritime Forecast to 2050, part of the Energy Transition Outlook (ETO) suite of reports. Conceived to help shipowners navigate the technologies and fuels needed to meet global greenhouse gas (GHG) targets, the report features an updated carbon risk management framework, including a new ‘decarbonization stairway’ model to help owners map a path to sustainability.

The 80-page report aims to assist an industry facing the dual challenge of increasingly stringent climate change targets and regulations coupled with uncertainty over future fuel choices, technology, and supply.

It is, according to DNV Maritime CEO Knut Ørbeck-Nilssen, “the grand challenge of our time.”

“Choosing the right fuel today for operations tomorrow is a daunting task that all owners must face up to,” said Ørbeck-Nilssen. “The business environment is changing in line with the natural one, leading not just to increased regulatory requirements, but also to new cargo-owner and consumer expectations and more rigorous demands from capital investors and institutions.

“A misstep today in newbuild fuel strategies can have damaging consequences for businesses and assets in the future. So, owners need practical, expert advice and smart solutions to ensure vessels stay competitive, compliant and commercially attractive over their lifetimes. This is where the Maritime Forecast to 2050 can help turn strategic uncertainty into confident decision-making.”

The report maps the shifting regulatory landscape, provides a status update on technology and alternative fuels, and views the energy transition from a wider perspective – investigating the financing of green onboard investments, as well as the need for rapid development of supply-side capacity for new fuels.

To support shipowners, DNV provides an updated framework for managing carbon risk in newbuilding designs, a techno-economic evaluation of fuel strategies, and the vessel design implications of those chosen approaches. The ‘decarbonization stairway’ is introduced to show how individual owners can adapt to stay below the required GHG emission trajectories.

Linda Sigrid Hammer, DNV Maritime Principal Consultant and Maritime Forecast to 2050 report lead author, said: “With between 1,000 and 2,000 ships expected to be ordered annually through 2030, there’s a real need for informed decisions that consider a diverse array of factors; from cost, to fuel storage and propulsion, through to flexibility in design, strategic approach, and fuel ready solutions. And of course, all of this is underpinned by the need for safety.

“Our revised framework allows for detailed assessments, providing support and expertise to mitigate the risks and uncertainties facing owners. The carbon neutral destination for the industry is clear, but the pathway is not. This report will help owners chart their way forwards.”

The new Maritime Forecast to 2050 – the fifth edition of its kind – features detailed case studies to help evaluate fuel and technology scenarios and compare competing solutions. The report finds that the maritime energy transition is already gaining momentum, with around 12% of newbuilds currently ordered with alternative fuel systems. This is double the 6% revealed by DNV’s 2019 Maritime Forecast report. However, less than 1% of ships currently in operation use alternative fuels, with the huge majority plying short-sea routes.

DNV forecasts that total CAPEX for onboard technology investments required to satisfy IMO decarbonization ambitions will range from USD 250-800 billion (dependent on fleet size) between 2020 and 2050.

Latest News

Damen’s first all-electric tug delivered to Ports of Auckland

(Posted on 12/08/22)

In a major milestone Damen’s first all-electric harbour tug, the RSD-E Tug 2513, was officially... Read more


Maverick is new Superior dealer in Ohio

(Posted on 12/08/22)

Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more


Inmarsat joins with Sailors’ Society to support seafarer wellness

(Posted on 05/08/22)

Global, mobile satellite communications company Inmarsat is lending its support to seafarer welfare... Read more


Nippon Paint introduces new PSPC-compliant universal primer for newbuilds

(Posted on 29/07/22)

Global coatings pioneer Nippon Paint Marine has added a new anti-corrosive universal primer to its E... Read more


Orders received and order book at new record for Cargotec

(Posted on 25/07/22)

Cargotec’s half-year financial report January–June 2022 has revealed that supply chain challenges... Read more


Neighbouring ship owners order four Damen Combi Freighter vessels

(Posted on 18/07/22)

One hundred and ten year old ship management company Reederei Wessels recently made the same purchase... Read more


It takes two to tango

(Posted on 18/07/22)

Port Esbjerg is the leading port in Europe when it comes to handling and shipping wind energy components... Read more


Reederei Gerdes orders second Damen Combi Freighter

(Posted on 01/07/22)

German short sea shipping specialist ship owner company Reederei Gerdes signed the order for Damen Cargo... Read more


Inmarsat and Thetius explore human element in maritime digitalisation

(Posted on 01/07/22)

 A new report published by Inmarsat, the world leader in global, mobile satellite communications... Read more


Voyage calculations made instant

(Posted on 30/06/22)

AXSMarine, a pioneer and market leader in the provision of advanced solutions for shipping professionals... Read more


The Wolfson Centre for Bulk Solids Handling Technology Bühler GmbHViganMultimodal 2022TelestackPort of Stockton
  • Cimbria
  • Bühler GmbH
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping