DNV GL and Korea Shipbuilding & Offshore Engineering (KSOE), a sub-holding company of Hyundai Heavy Industries’ shipbuilding and offshore business, signed a memorandum of understanding (MOU) to cooperate on the development cutting edge solutions for low and zero-carbon ship technology. The MOU is a response to the growing market, public, and regulatory pressure on the shipping industry to reduce greenhouse gas (GHG) emissions.
KSOE and DNV GL will work together to conduct comprehensive research on assessing future ship fuels such as LNG, hydrogen, ammonia and biofuels, verifying both the fuel supply and propulsion systems to use those fuels, and assessing bunkering convenience and safety. The project will include further studies on LNG as a ship fuel, as this is currently the leading low-emission/lower carbon fuel, and an assessment on its potential as a transitional step to zero-carbon options.
“We expect DNV GL’s accumulated data on future ship fuel will be combined with HHI‘s advanced gas engineering technology in order to come up with innovative technology standards,” said Won-Ho Joo, Director of the Advanced Research Center from KSOE.
“Alongside improvements to energy efficiency, new low and zero-carbon fuels will play an essential role in the maritime industry of the future,” said Conn Fagan, Vice President of DNV GL. “The ongoing energy transition is starting to reshape the shipping industry and this collaboration is an opportunity to provide competitive and practical solutions to the entire industry.”
DNV GL’s recent “Maritime Forecast to 2050” report identified fuel flexibility and technologies to bridge changing fuel usage as essential strategies for the shipping industry to adapt to the energy transition and prepare for a low carbon future. In the deep-sea segment especially, dual fuel solutions and alternative fuel “ready” solutions could smooth the transition by laying the groundwork for future retrofits. The report predicts that by 2050, carbon-neutral fuels will supply 30 to 40% of the global fleet’s total energy, with LNG (from fossil and non-fossil sources) accounting for 40 to 80% of the energy mix.
Source: DNV GL