Recently, many suppliers, traders and ship owners have been hiring specialists on decarbonisation and Co2 offset. In fact, almost every company is resourcing, developing and implementing strategies to focus on these priorities. For example, 'Ship and Bunker' recently published this article outlining Stena Bulk's intentions to use carbon offsets to achieve their goal of becoming carbon neutral by 2040. In this article, Maersk announced that they hired a business developer for decarbonisation, and Monjasa also hired a Co2 emission strategist.
There are two main routes towards decarbonisation:
Investment in the vessel
Many companies have been developing vessels which are propelled by wind power,
solar power, or battery power. Investments are also being made to engine development so that vessels can be powered by more efficient types of fuel.
Investment in green fuels
As outlined above, often investment is required to vessels to enable them to burn fuels, such as LNG and Bio-fuel.
We have been looking across the industry to understand the current situation.
There are only handful of carbon neutral, or carbon zero fuels at the moment (2021). We can arrange supply for LNG bunkers if the vessel is equipped with an LNG powered engine, and also bio fuel in small quantities by truck, but only in very few ports.
Ammonia marine fuel, and hydrogen marine fuels are still under development and these will be available in the near future. (Please look here to find some of our previous articles where we talk about these fuels in more detail).
If you would like to have a discussion about the types of strategies your company can implement, or if you would like an overview of the current market information, please do not hesitate to contact us at copemer@copemer.com
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