Global Status and Outlook of LNG Fuelled Ship & LNG Bunkering

DNV GL © 10 December 2019 SAFER, SMARTER, GREENERDNV GL ©

SI Yoo

10 December 2019

Global Status and Outlook of LNG Fuelled Ship & LNG Bunkering

1

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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SOxCO2

Environment & Human Health

Before

After

N

O O

N

O O

NOxPM

3


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


… and from SMALL to LARGER vessels

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Cruise

General cargo


Global LNG fuelled ships & LNG bunkering infrastructures

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Source : DNV GL AFI as of 1st December 2019


LNG fuelled ships are already covering a large area: 172 ships in operation

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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.



LNG fuelled fleet by vessel type

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LNG bunkering infrastructure is being developed to supply the growing fleet

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Global LNG bunker vessels: 52 LBV

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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



LNG bunker vessel CCS capacity

13

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



Global outlook of LNG fuelled ship & LNG bunkering

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Current world fleet & forecast development : based on No.

15

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


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


Which aspect is most important when deciding to adopt LNG as a fuel?

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Source: lngbunkering.iqpc.co.uk 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


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


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


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


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.


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


Decarbonization options for shipping

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Clarkson 2019 Potential Carbon Scenarios

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Global Status and Outlook of LNG Fuelled Ship & LNG Bunkering

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