Multi-Parametric Methodology for the Feasibility Assessment of Alternative-Fuelled Ships

Abstract

The shipping industry significantly influences global greenhouse gas emissions through a predominant fossil fuel-based fleet. Regulating bodies are continuously developing rules to reduce the shipping carbon footprint. Adopting low-carbon fuels is considered a step toward achieving the Paris Agreement’s goals; however, it represents a significant paradigm shift in ship design. This work aims to illustrate a methodology for the feasibility assessment of alternative-fuelled vessels considering technical, environmental, and economic perspectives. The technical feasibility focuses on ship propulsion, fuel system safety, and design parameters. The environmental impact evaluation is based on the Tank-to-Wake and the Well-to-Wake approaches. The cost assessment is performed by estimating capital and operational expenditures, considering only the modifications required by the new fuel. The methodology addresses new-building and retrofit solutions, and can be used as a decision support tool for selecting the best strategy. A key output of the methodology is the cargo emission footprint, expressed in equivalent carbon dioxide per cargo unit. Using a handysize bulk carrier as a case study, this work points out the effects of using methanol as an alternative fuel, highlighting its impact on market and transport strategies in a sector evolving towards Eco-Delivery services.