Maritime industry leaders from the U.S. and Canada travelled to ABS’ World Headquarters to discuss the latest marine market trends in the emerging ammonia, hydrogen and carbon economies, offshore renewables and nuclear energy, reports ABS.
Cutting-edge academic research, technology and sustainability initiatives were also highlighted at the annual ABS North America Regional Committee.
Global orderbook
Committee members heard how ABS has secured the number one position in global orderbook share and grown the existing ABS-classed fleet to 298 million gross tons, with more than 11,500 assets.
Special guest Helen Currie, Chief Economist for ConocoPhillips, provided insight into economic indicators affecting the global oil and gas markets.
Members also heard from Dr. Themistoklis Sapsis, the William I. Koch Professor of Mechanical and Ocean Engineering and the Director of the Center for Ocean Engineering at MIT, who presented information about cutting-edge research aimed at the maritime industry.
Committee members also heard how new vessel orders show an increase in dual-fuel readiness in comparison to conventional fuels, with the majority of new builds designed to be LNG-ready followed by methanol and ammonia. Regarding alternative fuels, pricing and availability, rather than technology, will dictate which fuel becomes a leading player and when.
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Source: ABS
