Event report
Past Event | Decarbonizing shipping : Creating sustainable pathways to a zero-carbon maritime industry
The French Chamber of Commerce Singapore would like to express our gratitude to our wonderful panelists and speakers, Mr Francois-Xavier Accard, Managing Director at CMA CGM International Shipping Company Pte Ltd (CCISC), Mr Boon Hai Ng, Vice President, Energy transition & H2 Energy APAC at Air Liquide, Mr Eng Kiong Koh, Director of projects at The Global Centre for Maritime Decarbonisation (GCMD), Mr Jérôme Leprince-Ringuet, Vice President Marine Fuels at TotalEnergies, Mr Francis Tang, Director at Bureau Veritas Marine & Offshore for giving their perspectives on the path to decarbonization, emphasizing the significance of acting now, and discussing what to expect in the near future in terms of new fuels and the issues that come with them, and the insightful questions asked by the audiences.
Lastly, we would also like to express a warm thank you and gratitude to Mr. Bertrand Guiot, Head of Real Assets and Investment Banking, SEA Head of Infrastructure Funds Coverage, APAC at NATIXIS for moderating yesterday's informative session.
Here are some key takeaways from the event:
Decarbonizing shipping needs to act through digitalisation on ship for energy efficiency and partnerships, and for sure on fuel alternatives:
- LNG is available now and the full supply chain &infrastructure is the most ready for the next 10 years although it is a temporary solution, on the long run LNG won’t meet next IMO regulations.
- Methanol is an alternative solution with an existing infrastructure but is not zero carbon free.
- Hydrogen is carbon free but with challenges in terms of infrastructure , supply chain requiring more time to implement.
- Amonia is a carbon free fuel with higher volumetric allowing longer distance- but it is toxic, and requires safety and security.
Although there is no one unique solution, the shipping maritime energy transition will accelerate exponentially in the very near future.
For more information about Maritime & Offshore Committee, contact Emily Jiang ejiang@fccsingapore.com.
