Proceedings magazine is a communication tool for the Coast Guard's Marine Safety & Security Council. Each quarterly magazine focuses on a specific theme of interest to the marine industry.
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59 Fall 2015 Proceedings www.uscg.mil/proceedings As early adopters, distribution is relatively easier there. In North America, the dash for gas is seeing a rapid rise in availability and the frst projects in the water during 2015. Moving Forward In summary, this has been a period of enlightenment for the maritime industry, and as the partial eclipse of low crude prices passes, the benefts of gas as fuel are illuminated once more. The oil-dependent economy that we have today can- not sustain itself on low prices, as prices will come back, perhaps never to go down again. The oil peak has passed, while the gas peak is yet to come, with hundreds of years' supply still available. 7 While it has much to gain from using gas as a fuel, shipping has signifcant competition from other industries. North America has abundant gas supply and will rapidly over- take Europe in its use across all sectors. While the maritime industry is joining the party, there is a job to do to harmo- nize with standards. Shipping, by its very nature, is an inter- national business, and perhaps it is the international frame- work that can at last undertake this complicated dance. About the author: Mr. Mark Bell is the general manager of the Society for Gas as a Marine Fuel. He is a chartered marine and mechanical engineer and has spent a total of 16 years with the class societies Lloyd's Register and Det Norske Veritas (now DNVGL). He spent three years with the UK Ministry of Defence and also has experience as a ship and engineer surveyor, area manager, business manager, and director. He gained seagoing experience on tankers including gas ships as well as the steam and motor variants. Endnotes: 1. UASC/Technolog A15,000 TEU new builds over A13 existing vessels 22% CO 2 reduction; A18,000 TEU over A13 vessels 36% CO 2 reduction. 2. Additional NOx abatement technology will need to be ftted to most vessels to achieve Tier III compliance, typically via a catalytic process based on injecting urea into the exhaust gas. 3. Global Marine Fuel Sulphur cap of 0.5% in 2020 or 2025 depending upon low sul- phur fuel availability study proposed for 2018 adoption at MEPC 72. 4. "The World Merchant Fleet in 2013," Equasis, August 2014. 5. "Global Marine Fuel Trends 2030," Lloyd's Register and UCL Energy Institute, 2015. 6. Singapore, Suez, Panama, Hong Kong, Gibraltar, and some English Channel entrance or existing ports meet these criteria. 7. M. King Hubberts' theory that "peak oil" is the period whereby the maximum extraction rate of oil is reached and thereafter forever declines. For more information: SGMF was established at the end of 2013 as an industry-based organization to assist with the safe and prosperous use of gas as a marine fuel. Visit the website at: www.sgmf.info/.