Future Fuels & Marine Gas - Decarbonising the Maritime Industry
Greeting Maritime community and welcome to this new edition of the LNG Bunkering & Future Fuels Summit blog!
We currently stand at the centre of a transformative era in the maritime industry, where the transition to cleaner energies with future fuels and marine gas is no longer just an option, but a need. The urgency of this transformation to future fuels has been amplified by recent volatility of the market, with the ongoing war in Ukraine intensifying energy dependency concerns, and the introduction of the ETS in the maritime sector in 2024 further highlighting the need for urgent action. We know that to achieve these shared goals of a sustainable maritime industry, true cross-sector collaboration is essential. We must work together in a unified manner and innovate together to pave the way for a cleaner future. The LNG Bunkering and Future Fuels Global Summit is a platform to allow these imperative discussions and collaborations to shape the future of the industry. The following sessions delve further into the topic of future fuels and marine gas:
CRUISE OPERATORS OUTLOOK ON FUTURE FUELS AND THEIR VIABILITY
In response to strict industry regulation, the maritime sector is actively exploring alternative future fuels to achieve emissions reduction goals. While some pioneers have successfully tested these options, many shipowners remain cautious about their readiness and the optimal transition time. This panel will delve into various cruise operators’ perspectives on the practicality and viability of future fuels and marines gas such as Ammonia, Methanol, Hydrogen, Biofuels and other emerging options. Drawing from their hands-on experiences, the panellists will assess critical factors, including pricing, availability, infrastructure development, technological readiness, and regulatory implications, all of which influence the global adoption readiness within the industry
HOW CAN WE REACH OUR SUPPLY CHAIN SUSTAINABILITY TARGETS THROUGH FUTURE FUEL OPTIONS?
Not only are we as an industry looking to reduce emissions, and decarbonise, but every organisation is looking at how they can meet individual emissions targets and be more sustainably responsible. Large businesses that use a high level of shipping are increasingly looking to their shipping emissions and trying to find ways of being more sustainable in this area, and how we as ship owners choose to fuel our ships, can make a big impact on if a charter would be willing to use these ships. This panel discussion will bring together shipping and sustainability leaders from these companies to discuss the future of sustainable shipping and what their expectations are. The panellists will discuss the challenges and opportunities of reducing emissions from shipping, and the role that companies can play in driving the transition.
MAKING THE MOVE NOW? KEY INFLUENCES IN OUR DECISION MAKING FOR THE TRANSITION TO FUTURE FUELS
With ambitious emissions reduction targets, we know as an industry, the time is now to start making decisions on the future of our organisations, and some have already taken the plunge and led this change. While this might not be viable for all now, it is a decision that can’t be left. This all-star panel will comprise of the top ship operator executives and offers a unique opportunity to gain insights into the decision-making processes that have significantly influenced the course of their organizations. With growing research into future fuels and marine gas like of Methanol, Ammonia, Hydrogen and Bio-fuels, our panellists will discuss what they think the front-runners could be, and discuss strategies on how to evaluate as an organisation and as an industry.
That's all for this week! Stay tuned for more updates!
