Prediction Held up AI assessment confidence: 88% certainty 4/5 debate potential 3/5

Loo: Maritime shipping will not converge on a single replacement fuel

Dr. Lynn Loo · Decarbonizing the high seas · Jul 12, 2024 · at 11:33

Dr. Lynn Loo, CEO of the Global Center for Maritime Decarbonization, explains the multi-fuel transition in global commercial shipping to Shayle Kann.

0:00 / 0:20exact quote · 20.7s
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“I think, you know, the future of maritime, it's not going to be single fuel. So we're not going to, for example, move into one single fuel. I think, you know, as a contrast to aviation, where I think there's a convergence that we need sustainable aviation fuel for maritime, it's not going to be like that already.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Dr. Lynn Loo

Prediction Held up
Loo: Projections show ammonia will eventually be cheaper than e-methanol
“In the long term, if you look at the projections and the numbers, I think if costs were the driver, then the cost of ammonia is going to be cheaper than the cost of e-methanol.”
Dr. Lynn Loo Jul 12, 2024 ▶ 25:01 Decarbonizing the high seas
Prediction Not checkable as stated
Loo: Low-density future fuels will force distributed bunkering networks
“And so that model, I think, will break down and we will see more distributed bunkering because of the low volumetric density of these future fuels.”
Dr. Lynn Loo Jul 12, 2024 ▶ 29:46 Decarbonizing the high seas
Opinion
Loo: Customers show zero willingness to pay shipping's green fuel premium
“There's no willingness to pay for the green premium.”
Dr. Lynn Loo Jul 12, 2024 ▶ 33:09 Decarbonizing the high seas
Assertion Supported
Loo: Meeting 2030 targets requires doubling globally traded ammonia volumes
“In order to reach that number, the Global Maritime Forum has done some calculations and showed that we need, the sector needs to adopt 10% green fuels by then. 10% green fuels, we already said, you know, that shipping bunkers, three hundred million tons, 10% o…”
Dr. Lynn Loo Jul 12, 2024 ▶ 35:31 Decarbonizing the high seas
Assertion Supported
Loo: 30% shipping efficiency gains failed to lower net absolute emissions
“If you look at the sector from 2008, we've already reduced emissions by improving fuel savings and energy efficiency to the tune of 30%. Yet, because the trade volumes have gone up so much, net-net, we've not really reduced emissions.”
Dr. Lynn Loo Jul 12, 2024 ▶ 36:41 Decarbonizing the high seas
Prediction Open · timeframe Dec 2030
Loo: 80% of global fleet will still burn fossil fuels in 2030
“If you just look at the numbers and you look at how many vessels are on the water today which is 65,000, and how 80% of them are going to be still on fossil fuel by twenty-thirty, and probably about 30% in twenty-fifty, they need to decarbonize as well.”
Dr. Lynn Loo Jul 12, 2024 ▶ 38:19 Decarbonizing the high seas
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