DNV and SDTR Marine Collaborate on CCS Feasibility Study for Bulk Carrier

At the JDP signing which took place at SDTR’s office in Singapore: Left Cristina Saenz de Santa Maria, Regional Manager South East Asia, Pacific & India, DNV Maritime, Right Gao Dehui, CEO of SDTR Marine Pte Ltd.

(IN BRIEF) DNV and SDTR Marine, a Singapore-based shipping company, have joined forces in a Joint Development Project (JDP) to conduct a feasibility study on Carbon Capture and Storage (CCS) for SDTR Marine’s 85,000 dwt Kamsarmax bulk carrier. The collaboration involves a comprehensive techno-economic analysis of CCS implementation, focusing on assessing the economic viability of various fuel and technology options under different price scenarios for fuel and CO2. The study considers future decarbonization regulations and SDTR Marine’s emissions reduction targets as part of its commitment to environmentally responsible maritime operations. The partnership aims to support the shipping industry’s decarbonization efforts in alignment with IMO emission targets.

(PRESS RELEASE) BÆRUM, 19-Jan-2024 — /EuropaWire/ — DNV, a leading provider of software solutions for the maritime industry, and a global leader in maritime classification, and SDTR Marine, a Singapore-based shipping company, have embarked on a Joint Development Project (JDP) focused on a Carbon Capture and Storage (CCS) feasibility study for SDTR Marine’s 85,000 dwt Kamsarmax bulk carrier. The collaboration will involve a comprehensive techno-economic analysis of CCS implementation on bulk carriers, leveraging DNV’s FuelPath. The study’s objective is to assess the economic viability of different fuel and technology approaches across varying fuel and CO2 price scenarios, considering future decarbonization regulations and SDTR Marine’s emissions reduction targets. The initiative underscores SDTR Marine’s commitment to environmental responsibility and supports the shipping industry’s pursuit of decarbonization solutions.

Gao Dehui, CEO of SDTR Marine Pte Ltd, emphasized the potential of CCS technology on maritime vessels to substantially reduce carbon emissions and contribute to a greener shipping sector. He commented “CCS technology aboard maritime vessels represents a significant advancement in reducing the environmental footprint of the shipping industry. One of the most positive aspects of this technology is its ability to significantly decrease carbon emissions from ships. The exploration of CCS technology on our vessels epitomizes SDTR Marine’s commitment to environmental responsibility. Showcasing our continuous efforts to explore various ways of reducing carbon emissions in maritime operations and operate more sustainably.”

Cristina Saenz de Santa Maria, Regional Manager South East Asia, Pacific & India, Maritime at DNV, echoed the significance of strategic planning for shipowners in achieving regulatory compliance and operational efficiency amid the maritime industry’s decarbonization journey. She stated “As the maritime industry advances towards decarbonization, shipowners must strategically plan for regulatory compliance and operational efficiency. We are excited to be working with SDTR Marine to explore cost-effective fuel strategies to support their net-zero goals. Leveraging DNV’s global network and the expertise of our Maritime Decarbonization Centre of Excellence in Singapore, we are well-positioned to guide the industry through this energy transition in compliance with IMO’s emission targets.”

Carbon Capture and Storage (CCS) has garnered increased attention as the maritime industry actively explores innovative solutions to reduce its carbon footprint. In 2023, DNV initiated a similar partnership to investigate CCS feasibility for both containerships and Kamsarmax bulk carrier newbuilds.

Media contact:

Fairuz Aledroos
Regional Communications Manager (South East Asia, Pacific & India)
Fairuz.Aledroos@dnv.com

SOURCE: DNV AS