European ports are committed to supporting the shipping industry’s goal of achieving net-zero emissions by 2050. They recognize that while initial compliance with EU emission reduction targets can be achieved through energy efficiency improvements, onshore power supply, and the use of transitional and low-carbon fuels, a wider range of new fuel types will be necessary for long-term decarbonization, reports the European Sea Ports Organisation (ESPO).
Increased Demand
European ports are preparing for an increased demand for alternative fuels from the shipping industry, prompting fuel suppliers to invest in providing these fuels at ports.
To accommodate these new fuels, port authorities must first establish safety and efficiency criteria for bunkering. This includes conducting risk assessments specific to each fuel and port environment, and developing rules and protocols for fuel suppliers and shipping companies to follow. These actions align with the core responsibility of European port authorities to ensure safe port operations, a role in which they are already leaders and aim to further strengthen.
Furthermore, the European Sea Ports Organisation (ESPO) observes that ports are actively engaging in their community-building role by facilitating the introduction of new fuels. This involves bringing together stakeholders, collaborating with shipping companies, and working with all companies involved in the fuel supply chain to conduct pilot projects and trials when requested by the industry. Green corridors, which promote the use of cleaner fuels, are already in operation and continue to expand.
Alternative Fuels
Ports must create an environment that welcomes fuel suppliers who are ready to meet the growing market demand for alternative fuels in an efficient and suitable manner.
Ports recognize that it is the demand for these new fuels that will ultimately drive fuel producers and suppliers to invest and provide them to shipping companies.
The level of investment interest and requirements from fuel producers and suppliers will vary from port to port. Some European ports, due to their location or lack of economies of scale, may not be attractive to the bunkering market and only offer bunkering services infrequently. Other ports, particularly those located near urban areas, may be unsuitable for bunkering certain fuels. Conversely, ports that function as energy hubs and industrial clusters are better positioned to attract investors and fuel importers, as they can accommodate diverse energy applications.
The European Sea Ports Organisation (ESPO) advocates for further incentivizing the demand for new fuels and allowing market forces to shape the development of a clean fuel supply chain, while maintaining flexibility in fuel choices.
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Source: European Sea Ports Organisation
