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Pathways to Decarbonization of Deep-Sea Shipping: An Aframax Case Study

Author

Listed:
  • Salman Farrukh

    (Department of Mechanical Engineering, School of Engineering, University of Birmingham, Birmingham B15 2TT, UK)

  • Mingqiang Li

    (Department of Mechanical Engineering, School of Engineering, University of Birmingham, Birmingham B15 2TT, UK)

  • Georgios D. Kouris

    (Alpha Marine Consulting PC, 55 Kastoros Street, 18545 Piraeus, Greece)

  • Dawei Wu

    (Department of Mechanical Engineering, School of Engineering, University of Birmingham, Birmingham B15 2TT, UK)

  • Karl Dearn

    (Department of Mechanical Engineering, School of Engineering, University of Birmingham, Birmingham B15 2TT, UK)

  • Zacharias Yerasimou

    (Alpha Marine Consulting PC, 55 Kastoros Street, 18545 Piraeus, Greece)

  • Pavlos Diamantis

    (Alpha Marine Consulting PC, 55 Kastoros Street, 18545 Piraeus, Greece)

  • Kostas Andrianos

    (Alpha Marine Consulting PC, 55 Kastoros Street, 18545 Piraeus, Greece)

Abstract

Deep-sea decarbonization remains an enigma as the world scrambles to reduce global emissions. This study looks at near-term decarbonization solutions for deep-sea shipping. Pathways are defined, which are appealing to ship owners and major world economies alike. The economic and environmental viability of several of the most advanced near-term technologies for deep-sea decarbonization are revealed. The environmental analysis suggests the necessity of new emission intensity metrics. The economic analysis indicates that the carbon tax could be a great motivator to invest in decarbonization technologies. Standalone decarbonization technologies can provide a maximum of 20% emissions reduction. Hence, to meet IMO 2050 targets of 50% emissions reduction, several solutions need to be utilized in tandem. This study reaches the conclusion that alternative fuels are the crucial step to achieve a net zero carbon economy, although bunkering, infrastructure, and economic hurdles need to be overcome for the widespread implementation of carbon-neutral fuels.

Suggested Citation

  • Salman Farrukh & Mingqiang Li & Georgios D. Kouris & Dawei Wu & Karl Dearn & Zacharias Yerasimou & Pavlos Diamantis & Kostas Andrianos, 2023. "Pathways to Decarbonization of Deep-Sea Shipping: An Aframax Case Study," Energies, MDPI, vol. 16(22), pages 1-26, November.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:22:p:7640-:d:1282690
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    References listed on IDEAS

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