Being LNG Ready could be the Best Option for Many Ships

MarineLink.com
Monday, April 15, 2013
Photo: DNV

DNV now offers shipowners the support they need to make newbuilds and existing vessels LNG ready with class approved designs, ready for later, simple retrofit of LNG technology. The service enables shipowners to make smart choices and minimal investments now in readiness for when LNG bunkering becomes widely available.

Shipowners are supported through all stages of the decision-making process as they prepare to meet the IMO air emission regulations entering into force from 2015. There are three obvious technology options for meeting Emission Control Area (ECA) requirements: installing a scrubber, switching to low sulphur fuel oil or to go for LNG as fuel and installing gas engines. Alternative fuels such as methanol and biofuels are also being developed.

“Each option has different uncertainties, for example the relative immaturity of some technologies and the effect market forces will have on the price of the different fuels. These factors are making commitment to a specific solution particularly difficult at this point in time,” said Dr Gerd-Michael Würsig, Business Director for LNG fuelled ships at DNV. “The cheapest investment may end up being the most expensive option in the long run, so many shipowners are rightly cautious.”

DNV believes LNG will be a good solution for many for meeting both SOx and NOx requirements. However, the right option will depend on the shipowner’s time horizon, says Dr Würsig. A wrong technical decision could increase the cumulative cost of operation by millions of US dollars over the ship’s lifetime.

“Several elements must be in place before realizing the benefits of an LNG fuelled vessel,” said Martin Wold, DNV’s project manager for the LNG ready service. Shipowners should start with seeking answers to these questions: Does LNG as fuel make sense financially for my project? Under which conditions will it make sense in the future? Are there feasible and practical ways of implementing LNG fuel in my project? “We recommend our clients to take a step-wise approach, and these are all questions we help them answer in the first stages of the LNG ready service,” he said. “After verifying the financial attractiveness and the technical feasibility on a high level, we move into the more detailed technical assessments if the client decides to proceed.”

Even though LNG looks sensible after investigating the options, shipowners may still be hesitant to invest in expensive technology. The ability to have an LNG ready ship provides them with a sensible alternative. “To ensure readiness for LNG as a fuel, DNV offers verification of the design concept and confirmation of compliance through DNV’s Approval in Principle,” said Torill Grimstad Osberg, head of DNV’s LNG, Cargo handling & Piping systems section. “DNV helps to identify and mitigate the risks associated with a given design to ensure the development of a safe system right from the beginning.”

DNV has already provided LNG ready services to a number of clients as they start preparing for 2015.

www.dnv.com

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Carnival Vista Delivered at Fincantieri’s Monfalcone

“Carnival Vista” the new flagship of the fleet of Carnival Cruise Line, brand of the Carnival Group, the world's largest cruise ship operator, was delivered today

Samsung Heavy Loses $4.6-bln FLNG Order

South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder,  has received a contract termination for three floating liquefied

Englishman: 11th Humber Tug Bears the Name

Humber tugboat operator SMS Towage has drawn on an old name for the latest addition to its fleet. The new Englishman is the 11th Humber tug to bear the title, in

Ship Repair & Conversion

ANZAC Class Frigate Sustainment Deal Signed

The Turnbull Government has signed a long-term contract for the sustainment of ANZAC Class Frigates centred in Western Australia.   The strategic partnership

European Ship Owners on Promotional Tour in Alang

European ship owners, government representatives of France, Germany and Belgium, and the European Commission are visiting the Alang shipbreaking yards.    Despite several indications that NGOs,

Korean Shipbuilders Maintain Top Ranks, Despite Troubles

Korea's 'Big Three' shipbuilders are still the world's three biggest by order backlog, despite their troubled management, according to data from UK-based Clarkson Research Services.

Energy

ICS Criticises 'Prestige’ Judgement by Spanish Court

At a meeting of the International Oil Pollution Compensation Funds (IOPCF) this week, the International Chamber of Shipping (ICS) has strongly criticised the judgement

Singapore Revokes Two Bunker Licenses

Singapore's Maritime and Port Authority (MPA) have revoked two bunker suppliers' license to operate in the world's top bunker port.    The two companies have,

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

LNG

Samsung Heavy Loses $4.6-bln FLNG Order

South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder,  has received a contract termination for three floating liquefied

AIDAprima Makes Maiden Call at Southampton

AIDA Cruises’ new flagship AIDAprima docked in Britain’s Southampton port for the first time on the morning of April 27, 2016, as part of a four-day short cruise.

Statoil: Limited U.S. LNG Impact in Europe this Year

The European natural gas market is well supplied by pipeline gas from Norway and Russia, Norway's Statoil said on Wednesday, adding that it expected only limited impact from U.

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0997 sec (10 req/sec)