Low carbon future for offshore vessel sector

Low carbon future for offshore vessel sector

Fast growing offshore windfarms expect low carbon service operations by support vessels, but supplying and handling biofuels is a challenge and the development of ammonia and hydrogen powered vessels still has a long way to go, explains leading ship fuel broker and trader LQM Petroleum Services.The global offshore wind industry continues to balloon, adding 6.1 GW capacity in 2019 and has continued to grow through the Covid-19 pandemic.In Europe the sector has now reached a scale and size where the operational and contractual complexities are comparable to northern European oil and gas projects. The market primed for take-off in the Asia Pacific region and significant projects off the US coasts are coming onstream.The pressure is now on the owners and operators of