Expert Voices Lloyd's Register

As the maritime industry strives to achieves ambition decarbonisation targets against the tightest of regulatory timelines can switching existing vessels to cleaner fuels buy time?
 
With thousands of large ships potentially still running on fossil fuels by 2050, retrofitting engines for new fuels could be crucial for shipping’s net-zero trajectory. But how ready is the technology and industry to carry out conversions?
 
In this podcast, Riviera Maritime Media's Executive Edwin Lampert, is joined by the lead authors of Lloyd's Register's new Engine Retrofit Report and other industry stakeholders to unpack the the demand for retrofitting, the uncertainties surrounding fuel availability and policy signals, and the potential role of retrofits in achieving net-zero shipping.
 
Tune in to hear:
Why engine swaps emerge as a key climate measure despite limited LNG retrofit uptakeWhat milestones place methanol close to conversion scalability while ammonia lagsHow customising kits to various engines and fuels aids flexibility but risks complexityWhy enhancing shipyard skills and capacity emerges as a barrier for rapid transitionsHow charter premiums, carbon pricing and fuel costs shape investment appetitesWhat ‘ready’ labels and proposed rating schemes indicate about modification effortsWhy container and cruise vessels are seen as leading candidates for retrofits
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How can bulk owners and operators balance short-term commercial pressures and long-term climate imperatives? What investments, strategies and collaborations can best position fleets for deep decarbonisation? What role do class societies and other stakeholders play in enabling the transition?
 
This podcast will deliver meaningful insights on what it takes to ‘green’ bulk shipping while balancing commercial realities and climate imperatives.
 
The dry bulk shipping industry is at a crossroads. Bulk carrier owners and operators must pursue deep emissions cuts, while maintaining uninterrupted services.
 
New regulations like IMO’s 2050 net zero target and the Carbon Intensity Index will force change, yet adequate zero-carbon fuels and technology remain years from being market-ready. How can new regulations, alternative fuels, efficiency gains, and innovations like wind assisted propulsion enable the transition?
 
How can bulk owners and operators balance short-term commercial pressures and long-term climate imperatives? What investments, strategies and collaborations can best position fleets for deep decarbonisation? What role do class societies and other stakeholders play in enabling the transition?
 
This podcast will deliver meaningful insights on what it takes to ‘green’ bulk shipping while balancing commercial realities and climate imperatives.
 
Talking points:
How shipowners face a lottery in choosing future green fuels and technologies todayMetrics like IMO’s CII/AER and their unintended consequencesAchieving alignment between shippers and ownersWind power: its potential as well as limitations in scaling across route networksThe near-term efficiency gains offered through waste heat recovery and digital optimisationAlternative fuels, safety, ship redesign and regulationOnboard carbon capture and managing captured CO2 waste streams


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Join Lloyd's Register's Nikolaos Mikas and Riviera Maritime Media's Edwin Lampert in open discussion on these critical points as a panellist on a special Lloyd's Register / Riviera Maritime Media Expert Voices podcast.
 
Buoyant crude and product tanker markets, delivery dates of 2026 and 2027 for new tonnage and continued uncertainty on fuel choices at the newbuilding stage have propelled sales and purchase activity in the second hand tanker market and set asset values soaring.
 
This development brings key questions into sharp focus.
The looming tanker capacity crunchAvailable tonnage on the second hand marketFactoring in CII and EEXI requirementsMatching the right secondhand tanker and the right trade  Understanding terminal restrictions and requirementsOptions for extending service life of older tonnage

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What are the key investment risks? What do green corridors and the Silk Alliance do to address this?

Options are limited right now and with high risks. Most are unable to invest in long-term solutions.Collaborations with governments and ports are needed in green corridors to support the investments.Many aspects and challenges remain, but we need to gain exposure and education on them as a first step to solving them. 

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Shipping has focused on fuels as the one factor it can control in the push to decarbonise, but the creation of a truly sustainable industry will require a more holistic ‘lifecycle’ approach. 
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This episode of the Aronnax Podcast featuring Lloyd’s Register brings together the shipowner, ship designer, and the two cargo owners to look at the story of With Orca. 
We discuss what the Approval in Principle means for shipping, Norway and the confidence to change.

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