Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping

The upcoming IMO Mid-Term Measures (MTM) represent a potentially transformative regulatory shift in international shipping. This webinar will feature a conversation with our CEO Bo Cerup-Simonsen and the Chair of the Intersessional Working Group on Reduction of GHG Emissions at the International Maritime Organization, Sveinung Oftedal along with a panel of industry experts to explore how these new regulations could reshape existing business models and unlock new growth opportunities.   Discussion Highlights:   📝Significance of the IMO MTM: Why these measures could be the most impactful regulatory development in international shipping in decades. 📉Path to GHG Reduction: Key agreements negotiators need to reach for the MTMs to effectively drive down greenhouse gas emissions in the shipping sector. 🎯Strategic Opportunities: How the industry can leverage these regulations to convert compliance costs into sustainable, long-term advantages. Don’t miss this essential conversation on the future of global shipping. Register now to secure your spot! Make sure to register through the link below 👇 https://lnkd.in/gbz4EqbS

It is with deep sorrow that everyone at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping mourns the passing of our dear colleague and friend, Claus Winter Graugaard, who sadly and suddenly passed away on Tuesday July 30th 2024 at age 51. Claus was widely recognized as a pivotal leader both at the Center and in the broader maritime industry. Since joining the Center's leadership team in January 2021, he played an integral role serving as Chief Technology Officer - Onboard Vessel Solutions. Claus was widely respected for his professionalism, dedication, and relentless drive in advancing the maritime industry's transition to a sustainable future. He was also known for his warm and kind-hearted nature as a colleague. Claus personified the Center’s values of courage, care, collaboration, and determination. He approached the challenge of sustainable maritime decarbonization with passion, enthusiasm, professionalism, and energy. In honoring Claus’ memory, we resolve to continue our work with renewed determination toward the decarbonization vision he so passionately shared. For the full version of our words of remembrance, please go to the Center website: https://lnkd.in/dF6dkpap

In our sixth article of the Countdown to FuelEU series, we delve into the practicalities of pooling. Pooling allows vessels with surplus compliance to sell to those with deficits, creating a business case for advanced fuels and technologies crucial for industry decarbonization. However, we have found that a lack of awareness and understanding about the pooling process prevents many companies from leveraging this opportunity effectively. To address this, we outline a step-by-step process, highlighting the necessity of a marketplace and the critical role of third-party platforms, legal services, and BIMCO clauses in facilitating these arrangements. Learn more here: https://lnkd.in/duMe7DvM The pooling process is divided into three compliance periods: pre-reporting, reporting, and verification. During the pre-reporting period, buyers and sellers evaluate compliance targets and negotiate pooling agreements. In the reporting period, they monitor agreements and vessel performance. Finally, in the verification period, EU-accredited verifiers calculate and record compliance balances. We have identified several emerging third-party platforms that support pooling, although none have yet developed into fully mature marketplaces. A significant challenge with FuelEU pooling is understanding how to attribute credit for sailing green. Pooling allows for allocation of compliance but the emissions characteristics are outside the scope of the regulation. Therefore, exchange of emission reductions would require additional agreement between companies. This allows companies that sells surplus compliance to also report emission reductions. Our analysis underscores the importance of raising awareness and understanding of FuelEU pooling, developing robust supportive platforms, and navigating the complexities of sustainability reporting. We are collaborating with partners to create guidelines and systems that better integrate FuelEU into the voluntary market, helping companies maximize the benefits of pooling in their decarbonization strategies. Read the full article: https://lnkd.in/duMe7DvM Explore previous articles and understand the basics of the regulation on our FuelEU page: https://lnkd.in/dtfcTkWN Not a Countdown subscriber yet? Sign up here: https://lnkd.in/dMeKbFth #ZeroCarbonShipping #FuelEU

Our latest publication sheds light on the technical, economic and environmental impact of preparing vessels for conversion to alternative fuels.   Download the publication here: https://lnkd.in/g4Ng8Nme   To decarbonize the global shipping industry, the world fleet needs to transition to using alternative fuels. However, shipowners are met with a big scope of challenges as they build their decarbonization strategies and determine how to most effectively time their investments in alternative fuel and technologies.   ‘Preparing Tanker Vessels for Conversion to Green Fuels’ aims to understand the technical requirements and cost of converting from fuel oil to methanol or ammonia and from liquefied natural gas (LNG) to ammonia. The publication outlines the project results related to converting tanker vessels to methanol or ammonia fuels. The main takeaways from our publication are: –– Converting tankers to green fuels is technically and economically feasible with careful fleet transition planning and consideration of asset age. The industry possesses the necessary technology and engineering expertise for these conversions. –– The economic impact of conversions varies based on the chosen green fuel and vessel range. –– Conversion to alternative fuels affects a vessel’s operating envelope due to differences in energy density and fuel tank size requirements. –– To maintain the same operational range as fossil fuels, shipowners may need to add tanks on deck (impacting DWT) or sacrifice part of the cargo capacity for fuel tanks. –– This project focuses on options that reduce the vessel’s operating range but preserve its cargo capacity. Such solutions are believed to have commercial applicability based on industry knowledge. –– Conversions after ten years of operation on fossil fuels can still considerably reduce a vessel's lifetime greenhouse gas emissions, though financial viability of conversions at this stage of the vessel’s lifetime must be considered.   Get a better understanding of our findings here: https://lnkd.in/g4Ng8Nme   #ZeroCarbonShipping

Our latest publication addresses the knowledge gaps regarding the global availability of biogenic CO2 and its implications for maritime decarbonization. Our analysis indicates that while biogenic CO2 has opportunities to scale, emerging demand could drive up costs. To promote the supply of carbon-containing e-fuels at scale, regulations must incentivize investments in CO2 infrastructure, ensure public access to pipelines, and establish a marketplace for trading both fossil and biogenic CO2. Read our publication 'Global Availability of Biogenic Carbon Dioxide and Implications for Maritime Decarbonization’ here: https://lnkd.in/d4s8SZqH Sustainable decarbonization of the shipping industry will rely on replacing fossil fuels with low- or zero-carbon alternative fuels. Among these alternative fuels, carbon-containing e-fuels (e-methanol, e-methane, and e-diesel) are some of the front-running options. Since combusting these e-fuels releases carbon dioxide (CO2), utilizing such fuel pathways in a sustainable manner requires producing them from CO2 feedstocks that can be accounted as carbon removals. Biogenic CO2 provides one of the most straightforward and least costly such feedstocks. Therefore, the industry needs to understand how much biogenic CO2 is available globally, as well as where and at what cost. In addition, we need to understand the opportunities and barriers for shipping to access this feedstock. Learn more: https://lnkd.in/d4s8SZqH #ZeroCarbonShipping

As the International Maritime Organization (IMO) has set a target for an alternative fuel uptake of at least 5% (striving for 10%) in the global maritime industry by 2030, mobilizing and upscaling multiple fuel pathways is crucial. Liquefied natural gas (LNG) has increased in popularity as a maritime fuel due to its associated environmental benefits. And, to make methane-based fuel pathways a viable solution for net-zero shipping, methane emissions during the whole life cycle need to be addressed. Our report ‘'Tackling Methane Slip - Insights into Options for Regulation and Quantification’' focuses on Tank-to-Wake (TTW) methane slip emissions from engine combustion. Read more here: https://lnkd.in/dMiBiuvE The main takeaways from our publication are: - Controlling methane slip emissions is essential for the viability of the sustainable methane fuel pathway  - Technical solutions to reduce methane slip onboard vessels exist, but current regulatory frameworks do not sufficiently incentivize their adoption  - The industry needs effective and relevant regulations that will drive the implementation of solutions that minimize methane slip from shipping  - Targeting newbuilds only is cheaper and simpler to implement than retroactive regulation  - Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) analysis suggests that we are currently have a small window of time in which to enact regulations targeting methane slip from newbuild vessels, which could achieve cumulative and annual methane slip reductions by 2050 comparable to those achieved by retroactive regulation targeting all vessels. However, this window will close very soon  - We also propose a convenient method for quantification of onboard methane slip that would better incentivize technological improvement and could be implemented as part of regulations targeting methane slip Read the full publication here: https://lnkd.in/dMiBiuvE #ZeroCarbonShipping

In our fifth article of the Countdown to FuelEU series, we highlight the advantages of investing in dual-fuel vessels and e-fuels under the FuelEU Maritime Regulation. Companies adopting these technologies can achieve up to 10% savings in total costs of ownership over a ship's lifetime, enhancing operating margins while providing flexibility against e-fuel price uncertainties. This strategic investment is projected to offset the initial cost premiums of e-fuel vessels by 2030, positioning firms to benefit from both regulatory compliance and reduced fuel costs. Dual-fuel technology thus emerges as a prudent approach for future-proofing fleets in the evolving maritime sector. Learn more here: https://lnkd.in/dJBp9rWr Want to understand the ground principles of FuelEU? Consult our FuelEU page: https://lnkd.in/dtfcTkWN Follow our strategic insights and practical tools to leverage FuelEU for achieving decarbonization goals, subscribe to our newsletter "Countdown to FuelEU" here: https://lnkd.in/dMeKbFth #ZeroCarbonShipping #FuelEU

🌍Successful decarbonization of the shipping industry hinges on the development and adoption of alternative maritime fuels. 🚢 This series of reports dives deep into the potential of biogas as a key source of biofuels for shipping. Biogas, generated by anaerobic digestion of biogenic waste, is a blend of methane (CH4) and carbon dioxide (CO2) that can be efficiently converted into various biofuels. Our publications explore the production of two specific biofuels derived from biogas: liquified bio-methane (LBM) and bio-methanol. Each report in the series sheds light on different aspects of these fuel pathways, offering a comprehensive view of how biogas-derived biofuels can drive sustainable decarbonization in the maritime industry. Learn more about each report here: https://lnkd.in/dmi8Wwhp This series consists of the following publications: 1. Insights into the Value Chain - Reviews the main characteristics of biogas-based manufacturing chains for LBM and bio-methanol. 2. Methane Emissions - In which we review when and where most methane emissions occur, and how the emissions can be measured and mitigated. 3. Energy Demand for Emissions Reduction Compliance - Investigates different production pathways for LBM and bio-methanol from biogas to understand which pathways can offer attractive decarbonization efficiencies. 4. Well-to-Wake Greenhouse Gas Emissions - Applies a life-cycle analysis (LCA) approach to evaluating the environmental impact of biogas-based biofuels. 5. Techno-Economic Trends - Explores how ongoing and future developments across the biogas industry will affect the cost of biofuels available to the maritime industry. 6. Biomass Availability - Will be of interest to varied stakeholders across shipping and other industries, but especially to shipping operators considering biofuels from biogas as part of their decarbonization strategy. Read more here: https://lnkd.in/dmi8Wwhp #ZeroCarbonShipping Roberta Cenni

The EU fuel standard for shipping, FuelEU, goes into force in just seven months. Understanding and preparing for this regulation is therefore of increased importance. 🔍 Our latest article in the FuelEU Maritime Regulation series delves deeper into fuel certification for FuelEU compliance. Uncertainty around the certification of renewable and low-carbon fuels can compel early adopters to hold back investments. To increase understanding of the topic and drive the adoption of alternative fuels, we discuss fundamental concepts related to this complex issue. Learn more here: https://lnkd.in/dBPgPgG2 Want to understand the ground principles of FuelEU? Consult our FuelEU page: https://lnkd.in/dtfcTkWN Follow our strategic insights and practical tools to leverage FuelEU for achieving decarbonization goals, subscribe to our newsletter "Countdown to FuelEU" here: https://lnkd.in/dMeKbFth #ZeroCarbonShipping #FuelEU

Exciting milestone! 🚢🌱 American Bureau of Shipping (ABS) and Lloyd's Register have awarded Approval in Principle (AiP) to a groundbreaking ammonia-fueled 3500 TEU container vessel design. This innovative project, driven by a collaborative taskforce including A.P. Moller - Maersk, MAN Energy Solutions, Deltamarin, Eltronic FuelTech, ABS and LR led by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, paves the way for ammonia as a viable, low-emission marine fuel. Special thanks to all partners for their innovative thinking and dedication to safety and sustainability. This achievement is a significant step to unlock the potential of sustainable ammonia as an alternative, low emission marine fuel. Claus Winter Graugaard, Chief Technology Officer, Onboard Vessel Solutions at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping states: “The fact that we have both ABS and LR granting this AiP in parallel is a testimony to the robustness of the design and the iterative risk assessment and systematic risk management intelligence that have gone into it. This development work has only been possible because all project partners have contributed with innovative thinking and willingness to share knowledge. Collaboration is the fastest way to co-creating the prescriptive rules and innovative solutions we need.” Read more here: https://lnkd.in/ddB_qdUJ #ZeroCarbonShipping #Posidonia2024 Posidonia Events