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Energy Evolution
Marine Fuels of the Future: Vessel Optimization and Oil-based Fuels
Aug 31, 2021
Explore the challenges of adopting eco-friendly fuels in the maritime industry and the persistence of high sulfur fuel oil. Learn about vessel optimization technologies, alternative propulsion options like wind and solar, and advancements in carbon capture systems for vessels.
14:54
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Quick takeaways
- Transition to cleaner marine fuels hindered by high operational costs of bunker fuels and existing engine designs.
- Vessel optimization technologies offer immediate carbon emission reductions through operational and technical strategies like slow steaming and alternative propulsion systems.
Deep dives
Current Dominance of Oil-Based Bunker Fuels
Currently, oil-based bunker fuels extensively dominate the shipping industry due to limited viable alternative options. Despite initial expectations of a decline post-IMO 2020 regulations reducing sulfur caps, high sulfur fuel oil exhibited remarkable resilience, retaining a significant market share. The long lifespan of vessels, typically around 25 years, hinders an immediate shift to cleaner fuels, necessitating costly investments in new vessel designs. Refineries continue to produce high sulfur fuel oil as a byproduct, maintaining its availability and affordability for ship owners.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode