In 2018, IMO adopted an initial IMO strategy on reduction of GHG emissions from ships, setting out a vision which confirms IMO’s commitment to reducing GHG emissions from international shipping and to phasing them out as soon as possible.
The initial GHG strategy envisages, in particular, a reduction in carbon intensity of international shipping (to reduce CO2 emissions per transport work, as an average across international shipping, by at least 40% by 2030, pursuing efforts towards 70% by 2050, compared to 2008); and that total annual GHG emissions from international shipping should be reduced by at least 50% by 2050 compared to 2008. (IMO)
Among all the available solutions current in the market, LNG has a much better emissions performance than conventional fuels and solutions. LNG far out-performs conventional marine fuels on a local emissions basis, effectively insulating companies from the impact of future, more demanding, regulation. LNG emits zero SOx and virtually zero particulate matter. Compared to existing heavy marine fuel oils, LNG can, depending on the technology used, emit 90% fewer NOx emissions.
As the cleanest fuel available in quantity around the globe, LNG provides a “future proof” compliance choice for shipowners with present and future fuel requirements. Overall, LNG provides the best return on investment for shipowners in the current and future market conditions.
In 2018, IMO adopted an initial IMO strategy on reduction of GHG emissions from ships, setting out a vision which confirms IMO’s commitment to reducing GHG emissions from international shipping and to phasing them out as soon as possible.
The initial GHG strategy envisages, in particular, a reduction in carbon intensity of international shipping (to reduce CO2 emissions per transport work, as an average across international shipping, by at least 40% by 2030, pursuing efforts towards 70% by 2050, compared to 2008); and that total annual GHG emissions from international shipping should be reduced by at least 50% by 2050 compared to 2008. (IMO)
Among all the available solutions current in the market, LNG has a much better emissions performance than conventional fuels and solutions. LNG far out-performs conventional marine fuels on a local emissions basis, effectively insulating companies from the impact of future, more demanding, regulation. LNG emits zero SOx and virtually zero particulate matter. Compared to existing heavy marine fuel oils, LNG can, depending on the technology used, emit 90% fewer NOx emissions.
As the cleanest fuel available in quantity around the globe, LNG provides a “future proof” compliance choice for shipowners with present and future fuel requirements. Overall, LNG provides the best return on investment for shipowners in the current and future market conditions.
Overview of technologies and fuels and their GHG-reduction potential (%)
Newport strive to help owners get prepared for an increasingly decarbonised trading and regulatory environment. We offer turnkey solutions for LNG retrofitting by integrating all the crucial service components required for a successful project execution.
