ABS Evaluates Design Against Fuel EU and EU ETS Scenarios
(SINGAPORE) An innovative methanol-fueled bulk carrier has been designed in a joint development project (JDP) between ABS, SDTR Marine Pte Ltd. (SDTR), and the Shanghai Merchant Ship Design & Research Institute (SDARI).
SDTR supplied key operational data and SDARI developed the design with ABS support and review. ABS also provided an analysis of methanol as fuel market outlook, including a vessel performance evaluation in various operating scenarios including under the European Union Emissions Trading System (Fuel EU, ETS).
“Methanol is a fuel which has genuine potential to contribute to shipping’s decarbonization goals. ABS is working on industry-leading projects together with committed partners focused on delivering innovative solutions for the benefit of people, business, and the environment. We are delighted to be able to use our experience to support this project,” said Pier Carazzai, ABS Vice President, Pacific Regional Business Development.
“Continuous innovation to be a greener company is one of SDTR Marine Pte Ltd’s key objectives and goals. As a professional and responsible Dry Bulk owner, we strive to continuously upgrade and innovate our Kamsarmax fleet to improve their energy efficiency to contribute towards the decarbonization of the shipping industry. The joint development of the Methanol-Fueled 85,000 DWT bulker with SDARI and ABS is an important step for SDTR in our process in achieving a zero-carbon fleet in the future,” said Gao Dehui, CEO of SDTR Marine Pte Ltd.
“As one of the popular neo-Panamax bulk carriers, the 85,000 DWT BC designed by SDARI has achieved a good market response. As of 2021, 37 construction contracts have been signed. Taking into account the decarbonization requirements of the shipping industry, SDARI has developed a series of new energy fuel solutions for bulk carriers.
The 85,000 DWT BC, which uses methanol as fuel, is one of them. The advantages of methanol are mainly reflected in the lower transformation cost, and through the ratio of gray methanol and green methanol, it can meet the requirements of GHG emission reduction in 2050,” said Wang GangYi, Chief Engineer of SDARI.
ABS is supporting the development of alternative fuels in maritime with industry-leading guides and whitepapers. Download a copy of the Sustainability Whitepaper: Methanol as Marine Fuel here.
Download a copy of the ABS Guide for Gas and Other Low-Flashpoint Fuel Ready Vessels here.
ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design and construction. Focused on the safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to develop accurate and cost-effective compliance, optimized performance, and operational efficiency for marine and offshore assets.