Welcome!  

It’s with huge excitement that I get to announce the launch of the new V. decarbonisation quarterly newsletter. I joined the V.Group family just over a month ago – I’m already amazed at the breadth of work being undertaken by colleagues across the group to help our valued customers reduce their climate impact and meet the latest wave of environmental regulation.  

Over the last quarter the team has been hard at work submitting the necessary data and reports for CII. In this newsletter we’ll share with you our latest CII performance across the fleet. We’ve seen a positive increase in A, B and C rated vessels over the last quarter, with 79% of our fleet now rated A to C. We’ve also completed 63 hull cleans and 227 propeller polishes over the year to date to help improve on our CII performance. 

V. is also a strategic partner in the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping (MMMCZCS). There has been good progress made on the human factors study for ammonia as a marine fuel. At the recent Accelerate Partner Summit, the center presented their latest findings from their ammonia safety study, including the results of a survey of thousands of seafarers on the perception of ammonia. The center has also published some useful information on best practices for managing pooling in the new FueleEU regulations.

Speaking of FuelEU, I also gave a webinar to customers last week, highlighting the impact of the new regulation on ship owners. I’ve included a link to the recording in the newsletter along with important details of the new regulation and the implications for our owners. I’ve also included details of the products and services V. can provide to help vessels remain compliant with FuelEU. Your vessel managers will be reaching out shortly to discuss solutions.   

I’m aiming to get this newsletter out to you quarterly, packed full of the latest updates from across the V. family and work at MMMCZCS, details of regulation changes and progress from decarbonisation projects in our fleet.  

Thanks, 

James Helliwell 

V.’s Partnership with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping 

Throughout the last quarter V. have continued to collaborate with the Center for Zero Carbon Shipping, based in Copenhagen, to progress decarbonisation in the maritime industry. In May the Center hosted their annual Accelerate Partner Summit which saw 400 representatives from the center’s Strategic Partners, Knowledge Partners and mission ambassadors gather to discuss key research topics including Energy Efficiency practices, the impact FuelEU, EU ETS & CII, and the uptake of alternative fuels.  

V.’s Director for Decarbonisation, Matt Dunlop, facilitated a panel on Ammonia Safety which was hailed as one of the highlights of the summit and included the presentation of work completed in the center on the topic. The work includes a risk assessment identifying what it would take to safely use ammonia as a fuel, and a survey of thousands of seafarers and onshore colleagues that indicates that their perception of the safe use of ammonia as a fuel was greater than initially thought. To learn more about the recommended design and operation of ammonia fueled vessels click on the link below: 

https://www.zerocarbonshipping.com/publications/recommendations-for-design-and-operation-of-ammonia-fueled-vessels-based-on-multi-disciplinary-risk-analysis/ 

With FuelEU officially coming into play on the 1st January 2025, the center has been working tirelessly to unravel the complex regulation for the industry. The widespread network of the Center enabled a workshop containing representatives from the EU Commission and players from across the maritime value chain, including V., to ideate what best practice will look like for FuelEU pooling. Learnings from this workshop, as well as extensive research and modelling of the financial impacts of the Fit for 55 regulations have been made into a series of newsletters to better inform the industry the complexities of the policies. This includes details on ownership, pooling, shore power and certification and can be found in the link below:  

https://www.zerocarbonshipping.com/fueleu/ 

In May the Center released a paper on Fuel Cell Technologies and its Applications for Deep-Sea Shipping. The detailed publication finds that fuel cells are promising technologies to reduce emissions from deep-sea shipping and would not necessarily require complex design modifications or operational changes. The study however finds that the current forecast cost for alternative fuels as well as the cost premium for fuel cells themselves makes their competitiveness a struggle in the short and medium term. Read the full publication in the link below: 

https://cms.zerocarbonshipping.com/media/uploads/documents/Fuel-Cell-Technologies-and-Applications-for-Deep-Sea-Shipping.pdf 

Written by Mark Stark  

Sustainability Advisor,  

Seconded to the Maersk Mc-Kinney Center for Zero Carbon Shipping 

 

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