The Republic of the Marshall Islands (RMI) will flag the first-ever state-of-the-art 22,000 cubic meters (cbm) liquid carbon dioxide (LCO2) carriers whose order was recently announced by Capital Gas Ship Management Corp. The carriers will be built at Hyundai Mipo Dockyard in South Korea and are scheduled to be delivered 2025-2026. This milestone emphasizes expectations of a growing industry sector focused on transporting CO2.
“The RMI fleet is leading the way in decarbonization efforts, and the Registry is well positioned with the technical experts worldwide to support innovative new builds and retrofits availing new technologies,” noted Theo Xenakoudis, Chief Commercial Officer, International Registries, Inc. (IRI), which provides administrative and technical support to the RMI maritime and corporate registries.
Xenakoudis, who spoke at the ground-breaking announcement at Capital headquarters in Piraeus in late July, noted the highly coordinated planning and execution required to make this project a reality.
“These pioneering newbuilds require an unparalleled level of coordination from design to registration. They set a new standard in capacity and functionality, which will require a close review and analysis at every step of the way,” noted Xenakoudis.
Designed to carry up to 22,000 cubic meters of LCO2 at -55 degrees Celsius, the carriers represent a significant step forward in decarbonization innovations and solutions. The RMI Registry, which formalized its Gas and Renewables Teams a few years ago, has technical experts worldwide consulting on innovative alternative energy projects.
“Over the last several years, we’ve expanded our Gas Team and formalized our Renewables Team to support the industry as it seeks, develops, and implements decarbonization solutions,” continued Xenakoudis. “This project is a continuation of the work we started years ago, and why the RMI fleet was recognized as the greenest fleet in the world a few years ago by Clarksons Research’s World Fleet Register. That commitment to supporting alternative energies, decarbonization solutions, and sustainable shipping has only increased.”
“RMI Registry team members are involved in several joint development projects worldwide related to decarbonization, alternative energies, and advanced technologies. This gives the Registry hands-on experience in the development, assessment, and review of technologies from the earliest stages,” noted Xenakoudis. “We’re exceptionally honored to be a part of these ground-breaking newbuilds,” he concluded.