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 Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Fincantieri to Build Third New Princess Cruises Ship

Fincantieri says it has signed an agreement with Carnival Corp. to build  the new cruise ship for its Princess Cruises brand at a cost of about 600 million euros.

ATB Barge Project for Murray & Associates

Murray & Associates, LLC has been commissioned to deliver a comprehensive design package for an 185,000 BBL Chemical Tank Barge new construction project. The

Gladding-Hearn Builds New Boat for Delaware Pilots

The Delaware pilots association has ordered its third pilot boat of the popular Chesapeake class from Gladding-Hearn Shipbuilding, Duclos Corporation. Delivery

Ship Repair & Conversion

BAE Systems Awarded Two Navy Contract Modifications

The US Department of Defense informs it has awarded separate contracts to BAE Systems in Jacksonville and in Norfolk for ship repairs and modifications as follows: 1.

Joint Project Studies Condition-based Engine Monitoring

Classification society ClassNK announced that it will participate in a joint project together with Mitsui Engineering & Shipbuilding Co., Ltd. and MES Technoservice Co.

Bollinger Fourchon: 13 Years Without a Lost Time Accident

Bollinger Shipyards, Inc. announced that their Bollinger Fourchon, L.L.C. facility has worked 13 years without a lost time accident. Building on a philosophy that starts at the top,

Energy

First Panels Installed at Australia’s Biggest Solar Plant

The Australian Renewable Energy Agency today celebrated a major milestone with the installation of the first solar panels at AGL’s large-scale solar plant in Nyngan, NSW.

Exxon Mobil Corporation Declares 3Q Dividend

The Board of Directors of Exxon Mobil Corporation yesterday declared a cash dividend of 69 cents per share on the Common Stock, payable on September 10, 2014 to

FortisBC Set to Expand its Tilbury LNG Facility

FortisBC Energy Inc. today selected Bechtel Canada Co. (Bechtel) as the contractor for its Tilbury LNG Facility Expansion Project in Delta, B.C. (Project). The

LNG

DW to Present at Upcoming Floating LNG 2014, Houston

Douglas-Westwood (DW) says that its manager in Houston, Andrew B. Meyers will be joining the speakers on the platform at the upcoming 27th-30th October 2014 'Floating

FortisBC Set to Expand its Tilbury LNG Facility

FortisBC Energy Inc. today selected Bechtel Canada Co. (Bechtel) as the contractor for its Tilbury LNG Facility Expansion Project in Delta, B.C. (Project). The

Growing American Shipping Bill Introduced by Garamendi

Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, informs ot the introduction of  H.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1243 sec (8 req/sec)