Joint Development Project (JDP) settlement was signed by Berge Bulk CEO James Marshall and ABS vice chairman of worldwide sustainability Panos Koutsourakis.
Singapore-headquartered Berge Bulk and ABS are to discover the opportunity of retrofitting a 210,000 dwt HFO-fueled bulk service to methanol fueling. The candidate ship for the methanol gas retrofit, the Berge Mauna Kea, is at present underneath development at Nihon Shipyard in Japan with supply anticipated in mid-2024.
Under a Joint Development Project (JDP) settlement signed by Berge Bulk CEO James Marshall and ABS vice chairman of worldwide sustainability Panos Koutsourakis, a six-month examine will see the 2 corporations collaborate on a variety of topics from the provision of methanol gas and the practicalities of bunkering to the assessment of technical and financial features of the methanol gas retrofit conversion.
One of the important thing advantages of methanol as a marine gas is its low emissions profile. Compared to conventional marine fuels, methanol emits considerably decrease ranges of sulfur oxide (SOx), nitrogen oxide (NOx), and particulate matter.
“Retrofitting alternative fuel capability to the global fleet is going to be critical if we are to achieve our sustainability goals,” mentioned Christopher J. Wiernicki, ABS Chairman, president and CEO. “This JDP is blazing a trail that many other vessels will ultimately have to travel as operators look to manage their decarbonization trajectories over a vessel’s lifespan. Methanol is increasingly being recognized as a compelling alternative pathway for owners and operators. With practical benefits related to ease of storage and handling, tank-to-wake carbon intensity reduction, as well as a pathway to carbon neutrality through green methanol, methanol presents an immediate and promising solution.”
“Berge Bulk is committed to our target of achieving net zero carbon by 2025,” mentioned James Marshall, CEO of Berge Bulk. “We see methanol as one of the solutions towards these ongoing decarbonization efforts. Existing technologies are available to convert methanol for use in our engines, whilst there are also procedures for bunkering of methanol and its use onboard. As a leader in this industry, we are confident that this collaboration with ABS will accelerate our efforts towards zero carbon in this energy transition journey.”
Learn extra about Berge Bulk’s dedication to environmental conservation and its Blue Matters sustainability technique HERE.
