DNV GL © 10 December 2019 SAFER, SMARTER, GREENERDNV GL ©
SI Yoo
10 December 2019
Global Status and Outlook of LNG Fuelled Ship & LNG Bunkering
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International LNG Fuelled Ship & Bunkering Conference 2019
Green Technology, Gas Innovation, Clear Future
DNV GL © 10 December 2019
Global status of LNG fuelled ship & LNG bunkering
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DNV GL © 10 December 2019
SOxCO2
Environment & Human Health
Before
After
N
O O
N
O O
NOxPM
3
DNV GL © 10 December 2019
Current world fleet : based on No.
4
11,366
11,820
2,039
5,326
5,713
3,166
1,415686
762
1,511
368
9,079
1,102
43,118
Current world fleet
Tankers
Bulk carrier
Gas carrier
Container
General cargo
MPP
Reefer
Ro Ro
Vehicle carrier
Passenger Ferries
Cruise
Offshore
Miscellaneous
Small ships <2,000 dwt/GT
Source : Clarkson 1st September 2019
Type 2019
Tankers 11,366
Bulk carrier 11,820
Gas carrier 2,039
Container 5,326
General cargo 5,713
MPP 3,166
Reefer 1,415
Ro Ro 686
Vehicle carrier 762
Passenger ferries 1,511
Cruise 368
Offshore 9,079
Miscellaneous 1,102
Grand total >2,000 dwt/GT 54,353
Small ships <2,000 dwt/GT 43,118
Total 97,471
DNV GL © 10 December 2019
… and from SMALL to LARGER vessels
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Cruise
General cargo
DNV GL © 10 December 2019
Global LNG fuelled ships & LNG bunkering infrastructures
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Source : DNV GL AFI as of 1st December 2019
DNV GL © 10 December 2019
LNG fuelled ships are already covering a large area: 172 ships in operation
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Source : DNV GL AFI as of 1st December 2019
DNV GL © 10 December 2019
There are currently 369 confirmed LNG fuelled ships, and 141 additional LNG ready ships
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Showing delivery year of existing orders only. Future additional contracts will increase the number of LNG fueled ship deliveries in 2020 and onwards.
Source : DNV GL AFI as of 1st December 2019
DNV GL © 10 December 2019
LNG fuelled fleet by vessel type
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DNV GL © 10 December 2019
LNG bunkering infrastructure is being developed to supply the growing fleet
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Source : DNV GL AFI as of 1st December 2019
DNV GL © 10 December 2019
Global LNG bunker vessels: 52 LBV
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Source : DNV GL AFI as of 1st December 2019
DNV GL © 10 December 2019
Global LNG bunker vessels
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Row Labels April 2019 December 2019
Bunker barge (permanently moored) 7 7
Bunker barge (pushed by tug) 6 10
Bunker vessel (seagoing) 24 35
Grand Total 37 52
Row Labels April 2019 December 2019
Decided 18 25
In operation 12 16
Under discussion 7 11
Grand Total 37 52
7 6
24
37
710
35
52
0
10
20
30
40
50
60
Bunker barge
(permanently
moored)
Bunker barge
(pushed by tug)
Bunker vessel
(seagoing)
Total
18
12
7
25
16
11
0
5
10
15
20
25
30
Decided In operation Under discussion
Source : DNV GL AFI as of 1st December 2019
DNV GL © 10 December 2019
LNG bunker vessel CCS capacity
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0
2
4
6
8
10
12
14
16
18
20
LNG BV CCS m3
LNG BV CCS Capacity (m3) Apr-2019 December-2019
300 3 4
5-600 6 7
1200-4000 9 8
5000-8500 14 19
10000-12000 3 4
18000-1860 1 3
20000 0 2
etc 1 0
Source : DNV GL AFI as of 1st December 2019
DNV GL © 10 December 2019
Global outlook of LNG fuelled ship & LNG bunkering
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DNV GL © 10 December 2019
Current world fleet & forecast development : based on No.
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0
20000
40000
60000
80000
100000
120000
Sum of 2019 Sum of 2025 Sum of 2030
Vehicle carrier
Tankers
Small ships <2,000 dwt/GT
Ro Ro
Reefer
Passenger Ferries
Offshore
MPP
Miscellaneous
General cargo
Gas carrier
Cruise
Container
Bulk carrier
Source : Clarkson 22nd November 2019
0
10000
20000
30000
40000
50000
60000
70000
Sum of 2019 Sum of 2025 Sum of 2030
Vehicle carrier
Tankers
Ro Ro
Reefer
Passenger Ferries
Offshore
MPP
Miscellaneous
General cargo
Gas carrier
Cruise
Container
Bulk carrier
DNV GL © 10 December 2019
New challenges? SOx , NOx ,CO2 by IMO
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▪ Alternative fuels─ Low Sulphur Oil─ HFO + Scrubber─ LNG─ H2─ Etc
▪ Relevant business stakeholder─ Shipping company─ Ship builder─ LNG developer, supplier, operator─ Each government, Port authorities
▪ Regulatory tsunami─ IMO 2020
√ SOx─ IMO 2050
√ CO2
DNV GL © 10 December 2019
Which aspect is most important when deciding to adopt LNG as a fuel?
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Source: lngbunkering.iqpc.co.uk 2019
DNV GL © 10 December 2019
What do you believe will be the biggest challenge in operation?
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Operational infrastructure
Operational LNG fuelled ship
Source: lngbunkering.iqpc.co.uk
DNV GL © 10 December 2019
Global outlook of LNG fuelled ship focused on IMO 2020 : based on No.
19
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
Sum of 2025 Sum of 2030 Sum of 2035 Sum of 2040
Vehicle Carriers
Reefer
Passenger Ferries (GT)
Offshore
Miscellaneous (GT)
General Cargo
Cruise (GT)
Crude & Products Tanker
Containerships (TEU)
Chemical Tankers
Bulk Carrier
Source : DNV GL
DNV GL © 10 December 2019
Global outlook of LNG demand as a ship fuel focused on IMO2020
20
0
10000
20000
30000
40000
50000
60000
70000
80000
Sum of 2025 Sum of 2030 Sum of 2035 Sum of 2040
IEA
IHS
Lloyds Register
2025 2030 2035 2040 Remarks
IHS 16,500 27,600 43,900 70,000 IHS 2017
Lloyds Register 30,000 40,000 45,000 65,000 Lloyds Register 2017
IEA 23,000 29,000 36,000 41,000 IEA WEO 2017
Unit: K Ton
DNV GL © 10 December 2019
IMO 2020 sulphur cap regulations could drive a switch from high sulphurtowards clean fuels in marine industry
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Source: IEA, Goldman Sachs Global Investment Research 2018 Source: BP 2017
DNV GL © 10 December 2019
Greenhouse gases and global warming by IMO 2050- a global challenge
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carbon intensity (CO2 per tonne-mile)
• In April 2018, the IMO adopted a strategy to achieve major emission reductions in shipping.
DNV GL © 10 December 2019
New ‘CO2 Barometer’ signals shipping decarbonization is off course
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1. World fleet CO2
emissions
▪ Slight increase in CO2
emissions in recent years
2. Alternative fuels uptake
▪ 0.3% uptake on ships in
operation
▪ 6% for new buildings
3. Regulation
▪ Current policy scenario will not
meet the IMO ambitions
without further policy
The CO2 Barometer provides a high-level decarbonization status in the form of a ‘transition
pressure level’
Indic
ato
rs
DNV GL © 10 December 2019
Decarbonization options for shipping
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DNV GL © 10 December 2019
Clarkson 2019 Potential Carbon Scenarios
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DNV GL © 10 December 2019
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