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Shipowners have ‘resounding confidence’ in LNG’s potential to help reach regulatory goals in the coming decades – but 40% of them have still not implemented a decarbonisation strategy, according to an ABS survey.

These were the key findings from a survey conducted with the attendees of a webinar held last Wednesday (28 April) which explored the decarbonisation research recently published by ABS in the report Setting the Course to Low Carbon Shipping: View of the Value Chain.

The survey indicated the industry has solid confidence in LNG’s potential, with almost nine out of ten respondents agreeing that it has a key role to play in reaching IMO 2050. Among six proposed marine fuel types, LNG landed the clear majority of the votes as having the most potential for meeting IMO 2050 decarbonisation goals.

Of the respondents confirming they had not yet put in place a fleetwide decarbonisation strategy, 70% reported that they had developed a clear understanding of their fleet’s environmental performance in relation to industry peers.

Commenting on the results, Christopher J. Wiernicki, ABS Chairman, President and CEO, said: ‘It’s clear the industry needs LNG as a transitional fuel to get us to 2030. It could also support the transition to zero-carbon and carbon-neutral fuels that are required to get us to 2050, such as hydrogen. Owners of internationally trading ships are facing increasingly complex investment decisions as they try to navigate the most efficient course to the low-carbon future.’

Wiernicki added: ‘LNG remains the clear choice today because of its sheer scalability, growing availability and high technological readiness among low-carbon and low-emission fuels, where hydrogen and ammonia appear to be emerging as significant fuel types for tomorrow.

An on-demand version of the webinar is available here.

Click here to download a copy of Setting the Course to Low Carbon Shipping – View of the Value Chain.

 

 


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