LNG as a fuel coalition lobbyist, SEA-LNG has completed an initial analysis of the IMO Net-Zero Framework, following MEPC 83.
The SEA-LNG coalition used the independent Z-Joule cost of compliance calculator to assess the commercial implications of the new regulations.
The calculations showed that under the Net-Zero Framework investments in LNG dual fuel vessels offered shipowners a significantly shorter payback period than methanol, ammonia or VLSFO.
LNG ships also gave shipowners a commercial advantage through fuel optionality and access to widespread established infrastructure.
The complex IMO Net-zero Framework now requires further detailed analysis and feedback from the industry, as well as co-ordination with EU initiatives and the specific concerns of other member states, prior to formal ratification later this year.
There are also critical details surrounding the IMO Net Zero Fund and the zero and near-zero-emission fuels (ZNZ) Reward Mechanism that will not be addressed before 2027, the coalition said.
