Monday, January 30, 2023
spot_img
HomeEnvironmentBoskalis consortium secures research grant to advance emission-free shipping

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Boskalis consortium secures research grant to advance emission-free shipping

A broader maritime consortium in which Boskalis is participant has been awarded a EUR 24 million grant to conduct research into accelerating the use of methanol as a low-carbon fuel within the shipping industry. Methanol can enable significant reductions in CO2 emissions compared to traditional fuels and is viewed within the international maritime sector as one of the most feasible ‘clean’ fuels for large-scale adoption by the industry.

The program is entitled Methanol as an Energy Step Towards Zero-Emission Dutch Shipping and sponsored by the Dutch Government’s Rijksdienst voor Ondernemend Nederland (Netherlands Enterprise Agency). The research project aims to develop clean energy technology with a high degree of flexibility and broad applications within the shipping industry, from yacht building to offshore work ships and high-powered dredgers. The total research budget amounts to approximately EUR 38 million including a contribution from Boskalis. The consortium, which includes ship owners, yards, suppliers of specialist maritime equipment and knowledge institutions, will retrofit six different vessel types to test the viability of methanol fuel systems.

Peter Berdowski, CEO of Boskalis, “Alternative fuel types are the most significant driver for developing a more sustainable maritime industry and we continue to be at the forefront of initiatives exploring the emission-reduction potential presented by methanol and other clean technologies. This research program looking into the use of methanol as a low-carbon fuel is another important step along the road to realizing net-zero objective.”

?Boskalis is already part of a joint industry project known as the Green Maritime Methanol Consortium which has previously investigated the feasibility of methanol as a sustainable fuel for the maritime sector. A 2020 study supported by TKI Maritiem and the Dutch Ministry of Economic Affairs and Climate Policy demonstrated that the use of methanol is not yet economically viable for retrofit in Boskalis’ vessels, however further research is currently being carried out with regard to its suitability for new-build vessels.

Related Posts

Video

Finance & Economy
Shipping News
Ports

Oaktree looking at block sale of existing shares in Hafnia Limited

OCM Luxembourg Chemical Tankers S.à r.l. which is ultimately controlled by funds managed by Oaktree Capital Management L.P. (the "Seller") has retained Fearnley Securities,...

John Fredriksen Increases Stake in Euronav

Norwegian billionaire John Fredriksen has once again increased his stake in Belgian tanker company Euronav in wake of Frontline’s termination of its combination agreement...

First Citizens Bank Arranges $44.2 Million of Debt Financing for Navios Partners

First Citizens Bank announced that its Maritime Finance group, part of the CIT division, served as sole lead arranger on $44.2 million in debt...

Eagle Bulk Appoints Kate Blankenship to Board of Directors

Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the midsize drybulk vessel segment, announced that it has appointed A. Kate Blankenship...

Golar LNG: Unwind of majority of TTF hedges of 2023 and 2024 Dutch Title Transfer Facility exposure

Golar LNG Limited (“Golar”) announced that it has unwound the majority of its swap arrangements for its Dutch Title Transfer Facility (“TTF”) linked production...

Cyprus shipping making waves – report

Cyprus shipping, the steady driver of the economy, is sailing for better times, having...

Baltic index hits fresh multi-year lows on capesize dip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index falls for seventh session on lower capesize demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index hits fresh 2-1/2-year low as larger vessel rates slip

The Baltic Exchange’s main sea freight index extended losses to a sixth straight session...

Baltic index down for fifth day on lower vessel rates

The Baltic Exchange’s main sea freight index fell for the fifth straight session on...

Port of Long Beach Closes 2022 with Second-Busiest Year

The Port of Long Beach marked its second-busiest year on record by moving 9.13 million twenty-foot equivalent units in 2022, allowing for a return...

Hapag-Lloyd AG acquires share in J M Baxi Ports & Logistics Limited

Hapag-Lloyd AG signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a...

Nigeria opens ‘game changer’ billion-dollar deep seaport

Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country’s ports and help it...

SC Ports handles nearly 3 million TEUs in record 2022

South Carolina Ports had a record 2022 with the most containers ever handled at the Port of Charleston. SC Ports moved nearly 2.8 million TEUs...

January oil loadings from Russia’s Baltic ports set to jump 50% vs Dec

Urals and KEBCO crude oil loadings from Russia’s Baltic ports of Primorsk and Ust-Luga in January are set to rise by 50% from December...