Horizons January 2022 preview

Horizons.

Connecting tomorrow’s thinking to the challenges of today.

Issue 60, January 2022

CONTENTS

06

COP26

Cruise

We take a close look at discussions, outcomes and next steps for the maritime and offshore industies following the UN Climate Change Summit in Glasgow last November.

Seatrade Cruise Roundtable identifies key areas that need to be expedited if the sector is to meet the IMO’s GHG ambition.

COP26 outcomes for shipping.

34

Decarbonisation remains the cruise industry’s biggest challenge.

6

COP26 takeaways from the LR team on the ground.

10

Suppliers recognising their role in ocean health.

Batteries

12

First movers in Shipping’s Decarbonisation – a framework for getting started.

14

Find out how the Current Direct project is set to transform shipping’s energy sources and some of the sector’s energy procurement business models.

36

Opportunity, diversity and collaboration needed for maritime’s decarbonisation. 16 Shipping’s decarbonisation: a real prisoner’s dilemma.

18

Energy firms need clear regulatory framework to underpin their decarbonisation decisions.

20

Batteries – key component of digital energy networks for decarbonised ships of tomorrow.

24

24

Floating offshore wind: advancing the case for emerging technologies.

26

Designing the terawatt transition.

30

On the cover.

CORAL-SUL (Coral South Project), the Floating Liquefied Natural Gas (FLNG) facility has arrived at its final location offshore Mozambique, following a sixweeks tow from Samsung Heavy Industries yard in Korea. The unit has been designed and built to LR classification requirements in support of consortium partners TechnipEnergies, JGC and Samsung Heavy Industries. Following final commissioning, the installation will be owned and operated by ENI. Current project partners also include ExxonMobil, CNPC, ENH, Galp and Kogas.

2

40

Power-to-X – vital component of tomorrow’s energy mix.

Horizons January 2022

36

Tankers

Offshore An overview of the opportunities that Power-to-X, floating offshore wind and nuclear offers the offshore industry as it starts to steer away from hydrocarbons.

34

We analyse the tanker market’s prospects for 2022 and Almi Tankers CEO Stylianos Dimouleas reflects on developing a corporate culture.

Tanker market sails into 2022 headwinds.

40

People first.

42

Ballast water

44

Sahan Abeysekara discusses the current operational issues with ballast water treatment systems and takes a detailed look at upcoming commissioning testing requirements.

Shipowners must act on ballast water as installation peak looms.

44

CONTENTS

Maritime Performance Services 46

Meet the team

Find out how LR’s acquisition of GreenSteam will help the maritime industry optimise operational efficiency and vessel performance.

Improving efficiency through machine learning.

46

A warm welcome to this latest version of Horizons.

It is a special one, as it showcases our evolved new brand symbolising the focus on our maritime core and the transformation of our business to be seen as a trusted advisor.

Horizons, our flagship thought leadership publication, gathers insights from industry leaders around the world and LR subject matter experts on the risks and opportunities ahead and what they may herald for our industry. As you will see below, this is a bumper issue and I hope you enjoy the read.

Philippa Charlton, Chief Marketing Officer, Philippa.charlton@lr.org

Safety 48

So what’s inside?

Safetytech Accelerator showcases innovative ways that technology can be used to assess the mental wellbeing of seafarers.

Technology for seafarer mental welfare. 48

People 50

Industry leaders meet to advance LR’s mission and LR board member Caroline Firstbrook shares tips for securing success in a new work environment.

LR Advisory Board meets for the first time in-person since COVID-19.

50

Change as a three-step process.

52

News

54

Catch up on the latest developments at LR from our teams around the globe.

What’s happening in our world.

World attention was drawn to Glasgow in November last year as the UK hosted the United Nations Climate Change Conference, COP26 – in this issue we take a close look at the discussions, outcomes and next steps for the maritime and offshore industries, including the thoughts of six experts from LR and LR Foundation who were in attendance. We also hear from Bibby Marine CEO, Nigel Quinn, and Klaveness/ZeroLab Sustainability Lead, Ingrid Kylstad.

Nicola Good speaks to Almi Tankers CEO, Stylianos Dimouleas, about developing a corporate culture from scratch and LR Group board member, Caroline Firstbrook, shares tips for securing success in a new work environment. You can also read more on LR’s acquisition of GreenSteam, a marine data company specialising in improving vessel efficiency through machine learning and find out how batteries could provide digital energy networks for decarbonised ships.

Our designer for this issue is Kaz Kapusniak. If you have any feedback or suggestions for upcoming issues of Horizons, we’d love to hear from you. Please get in touch with Paul Carrett.

Nicola Good

Paul Carrett

Viv Lebbon

Mike Ramsden

54 Lloyd’s Register and variants of it are trading names of Lloyd’s Register Group Limited, its subsidiaries and affiliates. Care is taken to ensure that all information provided is accurate and up‑to‑date. However, Lloyd’s Register accepts no responsibility for inaccuracies in, or changes to, information. © Lloyd’s Register Group Limited, 2022. A member of the Lloyd’s Register group.

Horizons January 2022

3