Shipping Industry Embarks on Green Revolution with LNG, Biofuel, and More
Carnival Corporation & plc has invested in several new ships for AIDA Cruises, designed to operate on LNG and other alternative fuels. This follows a previous order of four LNG-powered ships in 2015. Meanwhile, Hyundai Glovis has invested $1.89 billion in 12 dual-fuel car carrier vessels. These investments reflect a growing trend in the shipping industry towards more sustainable fuels.
Carnival's new ships, built by Fincantieri, are dual-fuel capable, marking a significant step towards reducing emissions in the cruise industry. Earlier, Carnival ordered four LNG-powered ships from Meyer Werft, including two for AIDA Cruises, demonstrating the company's commitment to sustainability.
Hyundai Glovis has invested heavily in dual-fuel car carrier vessels that can run on LNG. This shows a shift in the automotive industry towards more eco-friendly transportation methods.
Wallenius Wilhelmsen has been at the forefront of emission-cutting technology. The Torrens PCTC recently bunkered B30 HSFO-Biofuel in Korea. The company aims to reduce emissions and rebuild ocean-going car carrier capacity simultaneously. Its net zero emissions service is targeted for 2027.
Volkswagen Group has been using LNG-powered vessels for cross-Atlantic deliveries, reflecting the automotive giant's commitment to greener transportation. Neptune Lines has also ordered two further PCTCs equipped with hybrid energy systems as part of its Genesis Project for more sustainable shipping.
The shipping industry is seeing a trend towards alternative fuels. Neptune Lines' new vessels can run on methanol and will be ammonia-ready. Ford Europe has even chartered its own vessels to address the shortage of vessel capacity, showing the demand for more sustainable shipping options.
The shipping industry is witnessing a significant shift towards more sustainable fuels. Carnival Corporation & plc, Hyundai Glovis, Wallenius Wilhelmsen, and others are investing in and commissioning the build of vessels that run on alternative fuels. With the Orcelle sail-propelled car carrier project receiving €9m in funding from the EU's Horizon research fund in 2023, the future of the shipping industry appears to be greener and more sustainable.
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