4. Shipping sector

Shipping sector

World fleet in numbers (1)

• The world fleet is growing in number of ships. • Each ship is getting bigger (avg GRT). • The world seaborne trade in tonne-miles is expected to continue to grow. • GHG emission reduction targets are getting increasingly difficult to reach. • The age distribution of the world fleet reflects the peak of construction around 2006.

Source: DNV Energy Transformation Outlook 2021/ Clarkson

Abt. 34.000 vessel of age < 15 yrs in 2020. In 2035, only abt. 7.000 existing ships of age < 20yrs

Average size of vessel is continuously increasing

World fleet in numbers (2)

Of the world fleet of approx. 94,000 ships of 500 GRT <, only 19,000 ships are 25,000 GRT <

19.488

There is a correlation between the size of the ship in GRT and the amount of fuel it uses. With 21% of the number of ships in the world fleet representing 83% of the tonnage, these ships also represent the largest consumers of fuel. The GHG emissions are about 800M tCO2/year (WTW).

Candidates for Retrofit

Retrofitting existing ships has the potential to reduce emissions by 100M t CO2/year.

Only fully electronically controlled engines can be converted to dual fuel operation and use alternative fuel.

Market leader MAN ES has installed approx. 3,500 fully electr. control. engines (ME-C) type, and about 2,300 are candidates for conversion (retrofit). WinGD has installed about 600 fully electr. control. engines (RTFlex, X and X-DF), and about 400 are candidates for conversion.

• Less than 15% of the fleet of vessels above 25,000 GRT are outfitted with main engines suitable for conversion to run on alternative fuels in the future. • More than 85% of the existing vessels must find other ways and means to comply with stricter environmental regulations

Picture: MAN ES

2,700 engines can be retrofitted to use alternative fuel