LNG-Fuelled Ultra-Large Container Ships on the Horizon

Capital Ship Management Corporation has started working with the Lloyd’s Register (LR) and DSME on developing LNG-fuelled Ultra-Large Container Ships (ULCS).

Capital Ship Management Corporation and partners follow the key principles and goals of the International Maritime Organisation’s (IMO) Strategy for Sustainable Maritime Transport Systems.

The company is incorporating key ‘imperatives’ and ‘goals’, as defined by IMO in the company’s management systems across its operations.

Capital has established a task force to implement specific actions, plans, processes, and to develop systems addressing sustainability.

Priority has been given to the promotion of a safety culture and environmental stewardship, as well as to the education, training and support of seafarers.

Additionally, the strategy will encompass a drive to reduce the energy required to operate, explore and evaluate the potential of alternative marine fuels – particularly LNG.

Evangelos Marinakis, Chairman of the Board of Capital Product Partners LP, said: “We need to understand and derive the maximum benefit from new technologies and the innovations that can drive total corporate performance – making our ships more efficient and attractive in the market place, offering our seafarers safe and rewarding careers, all while working to reduce the environmental impact of the ships we manage.”

LR is providing independent verification of Capital’s sustainability performance to ensure effective measurement of progress and client awareness of key performance indicators, as well as supporting the LNG as fuel joint development project.

 “We provide independent insight, risk analysis, experience and the verification to support operational and investment decisions – as new systems, processes and technologies are considered and adopted.

Capital is addressing the issues that are raised by the research and development that we have carried out to date, such as our Global Marine Fuel Trends 2030 report issued in March,” said Apostolos Poulovassilis, Regional Marine Manager EMEA for Lloyd’s Register.

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June 19, 2014