据介绍，近年来，深圳盐田区落实中央赋予的国际航行船舶保税燃料加注综合改革试点任务，加快推进 首批综改"在深圳水域试点开展国际航行船舶保税液化天然气加注业务"和第二批综改"支持深圳盐田港 （000088）在便利通关、燃料加注结算等方面加大探索力度"事项落地。在大力推动LNG替代燃料油加 注的同时，盐田区也在同步谋划布局甲醇、绿氨等新型清洁能源加注业务。 1月21日，我国自主新建的全国首艘双燃料甲醇加注船完成首单加注作业，此次加注的200吨绿色甲醇燃 料由中集集团（000039）旗下中集安瑞科独家生产供应。本次首单落地，标志着中集安瑞科牵头构建的 绿色甲醇"产-储-运-用"全产业链生态，为国内航运业脱碳及绿色甲醇产业链规模化发展打造样本。 本次执行加注任务的甲醇双燃料动力油化两用加注船"大庆268"轮，载重量达7500吨，其双燃料动力系 统可大幅降低船舶碳排放，作为国内首艘专业甲醇加注船，其首航首加意味着粤港澳大湾区在绿色燃料 加注装备领域实现"从无到有"的新突破，未来将持续为往来大湾区的国际船舶提供绿色能源补给，成为 国内绿色航运燃料加注领域的重要里程碑，也是深圳盐田区在落实综合改革试点任务中取得了新的突 破。 ...

嘉吉海运业务总裁表示，绿色甲醇双燃料船舶的设计提供了当下的运营灵活性与未来的环保升级可能。 该公司计划在未来几年内为船队再增加4艘同类船舶，并结合风能辅助推进、航程优化等多种技术形成 多路径脱碳方案。此举标志着航运业替代燃料应用从概念走向大规模商业验证，将加速绿色甲醇等低碳 燃料供应链的发展与行业标准的形成。 该船由常石造船建造，三井物产所有，可使用传统船用燃料或绿色甲醇运行，预计能减少高达70%的碳 排放。其首航将从菲律宾出发，在新加坡加注绿色甲醇后，驶往西澳大利亚并最终抵达欧洲。作为全球 最大的干散货租船方之一，嘉吉的行动向市场发出了明确的低碳需求信号。 中化新网讯 近日，全球农业与航运巨头嘉吉宣布，其租赁的首艘绿色甲醇双燃料干散货船"勇敢先锋 号"已交付并试航。此举是嘉吉推动航运业脱碳的关键一步，旨在通过实际运营测试绿色甲醇燃料的加 注流程、碳核算系统及市场接受度。 ...

Core Insights - Hong Kong is recognized as a significant international shipping hub, with discussions at the 2025 World Shipping Conference focusing on challenges such as decarbonization, geopolitical impacts, and crew shortages, emphasizing the need for dialogue and cooperation in the shipping industry [1] Group 1: Hong Kong's Strategic Advantages - Hong Kong serves as a vital gateway for connecting domestic and international markets, leveraging its geographical proximity to mainland China, favorable investment environment, advanced technology, efficient legal system, and abundant talent pool [2] - The city has maintained its position as the fourth in the International Shipping Center Development Index for six consecutive years, hosting over 1,200 port and maritime-related companies [2] - Hong Kong's unique advantages under the "One Country, Two Systems" framework, including a common law system and low tax regime, attract global shipping enterprises [2] Group 2: Green Transition Initiatives - Hong Kong is actively pursuing a green transition in its port operations, having invested nearly 200,000 tons in green fuel and preparing to launch methanol bunkering [4] - The Hong Kong government has established a clear roadmap and objectives through the "Green Marine Fuel Bunkering Action Plan" to achieve the International Maritime Organization's target of net-zero emissions by 2050 [4] - Legislative changes have expanded the types of marine fuels to include liquefied natural gas and methanol, facilitating a legal framework for green fuel adoption [6] Group 3: Collaborative Efforts for Decarbonization - Industry representatives stress the importance of breaking down regional barriers and achieving global collaboration for the decarbonization of the shipping sector [7] - Hong Kong is building a cooperative network that includes partnerships with ports in mainland China and Chile, enhancing regional synergy and international cooperation [7] - The financial advantages of Hong Kong can support the production and financing of alternative fuels, creating a competitive edge that is difficult for other regions to replicate [2][7] Group 4: Role in Global Maritime Regulation - Hong Kong's pragmatic approach to rule-making considers the interests of various stakeholders, positioning it as a potential coordinator of maritime regulations amid global fragmentation [3] - The city is expected to facilitate participation from international organizations and multinational entities in global emission reduction efforts, contributing to a collaborative green shipping transition [8]

海事服务网CNSS获悉，12月16日，比利时海事巨头CMB.TECH宣布了两项关键战略合作。一方面与中国能源建设股份有限公司（简称"中国能建"）签订 了全球首单绿氨远洋航运燃料销售合同，另一方面战略入股了中国氨供应链企业江苏安德福能源科技有限公司。这些举措被视为该公司为其即将投入运营 的氨动力船队构建燃料供应体系的重要布局。 在核心投资与合作方面，CMB.TECH签署了从中国能建采购绿色氨的长期协议。12月16日，中国能建位于吉林松原的氢能产业园（绿色氢氨醇一体化） 项目一期正式投产。据中国能建发布的公告显示，该项目规划建设80万千瓦新能源发电系统，包括75万千瓦风电和5万千瓦光伏，实现了绿电直接耦合制 氢制氨的柔性生产。 投产后，每年可生产4.5万吨绿氢、20万吨绿氨和绿色甲醇，预计每年可节约标准煤约60万吨，减少二氧化碳排放74万吨。据《吉林日报》报道，投产即 获得国际权威机构颁发的ISCC EU欧盟绿色认证证书，并签订了全球首单绿氨远洋航运燃料销售合同，开创了全球首个绿色氢氨醇一体化项目认证新模 式，为我国氢能产业从示范探索迈向规模化商业应用增添了强劲动力。 图源：中国能源建设股份有限公司 与此同时，C ...

据悉，全球已存在成熟的乙醇市场(主要为美国和巴西)，这为航运业提供一条可扩展的过渡性脱碳路 径。马士基表示，如使用以玉米等作物为原料的第一代生物乙醇，将遵循严格的可持续性标准，确保其 全生命周期碳排放符合要求，且不引发毁林或与粮争地。 据介绍，马士基计划在此次测试后，将进一步探索使用100%乙醇，助力构建多元化低碳燃料组合。 中化新网讯 为应对航运业脱碳压力并增强运营韧性，马士基12月8日宣布，将在其首艘甲醇动力集装箱 船"劳拉·马士基"号上进行50%乙醇与50%甲醇的混合燃料测试，为其快速扩张的双燃料甲醇船队增加燃 料选择的灵活性与供应弹性。 ...

Core Viewpoint - The shipping industry is accelerating its transition to a green and low-carbon future, with China positioned as a key player in this transformation [1][7]. Group 1: Company Transformation - MAN Energy Solutions has rebranded to Everllence, emphasizing its commitment to a "zero-carbon future" and accelerating the green transition in the shipping industry [2]. - The company has shifted its focus from traditional power solutions to sustainable decarbonization technologies, establishing a new strategic direction [2][3]. - Everllence's product offerings now include diverse green technologies such as large heat pumps, carbon capture and storage, climate-neutral shipping, and hydrogen systems [3]. Group 2: Industry Trends - The shipping industry is facing challenges in finding efficient and feasible pathways for green transformation, with a consensus on emission reduction goals but uncertainty in practical implementation [4]. - The International Maritime Organization (IMO) has set a target for net-zero emissions in shipping by 2050, with ammonia, methanol, and LNG emerging as mainstream alternative fuels [4][5]. - Despite delays in the IMO's net-zero framework, demand for green fuel engines remains strong, driven by the diversification of fuel options [5][6]. Group 3: China's Role - China is recognized as a leader in the global shipbuilding industry, playing an irreplaceable role in promoting the green transition in shipping [3][7]. - Chinese shipping companies are actively engaging in low-carbon practices through technological innovation and industry collaboration, contributing to global decarbonization efforts [7][8]. - The market share of China's shipbuilding industry has remained the largest globally for 16 consecutive years, indicating its capability to lead the decarbonization process in shipping [7][8]. Group 4: Technological Innovations - Everllence's dual-fuel engines now account for 50% of its total orders, compatible with various fuels including LNG, LPG, methanol, and ammonia [4]. - The company has launched the world's first mass-produced dual-fuel ammonia engine, reflecting its commitment to innovative solutions in the shipping sector [5]. - Digitalization is identified as a key driver for reducing carbon emissions, optimizing engine and vessel operations to enhance efficiency and lower fuel consumption [8].

Core Insights - The electric ship battery market is projected to grow from $1.196 billion in 2024 to $1.745 billion by 2031, with a compound annual growth rate (CAGR) of 5.6% from 2025 to 2031, driven by decarbonization pressures and advancements in green energy technology [3][4]. Market Overview - The current dominant technology in electric ship batteries is lithium batteries, which account for 82% of the market, offering significant advantages over lead-acid batteries in terms of energy density and cycle life [3]. - The Asia-Pacific region is expected to hold 65% of the global market share in 2024, with China's market size reaching $320 million, projected to increase to 70% by 2031 [4]. - The European market is anticipated to account for 20% of the market share in 2024, with expectations to rise to 25% by 2031, supported by the EU's Green Shipping Fund [4]. - North America's market is expected to grow by 12% in 2024, influenced by the Inflation Reduction Act, although it faces a 65% dependency on imports due to insufficient local production [4]. Competitive Landscape - The market is characterized by a structure where international brands dominate the high-end segment while local companies penetrate the mid-range market [5]. - The first tier of companies, including AKASOL and Furukawa Battery, holds 55% of the market share, while the second tier accounts for 30%, primarily serving the inland shipping market [5]. - Chinese manufacturers, such as Yiwei Lithium Energy and Guoxuan High-Tech, represent 15% of the market, focusing on battery and system integration solutions [5]. Technological Developments - Notable advancements include CATL's launch of lithium iron phosphate batteries with an energy density of 180 Wh/kg, certified by CCS for use in electric cargo ships [3]. - Danfoss Editron has developed a liquid-cooled battery system that operates in extreme temperatures, while EcoMarinePower has created a solar-battery hybrid system that enhances self-sufficiency for ships [5]. Supply Chain Insights - Lithium battery raw material costs constitute 70% of the total battery price, with lithium carbonate averaging 250,000 yuan per ton in 2024 and cobalt stabilizing at 350,000 yuan per ton due to established recycling systems [5]. Regulatory Environment - The International Maritime Organization (IMO) has set a target for a 50% reduction in greenhouse gas emissions by 2050, influencing the growth of electric ship batteries [3]. - China's "14th Five-Year Plan" aims for a battery production capacity of 10 GWh by 2025, promoting local enterprise expansion [6].

Summary of Key Points from the Conference Call on Green Methanol Industry Industry Overview - The report focuses on the **green methanol industry** and its intersection with the **shipping industry**'s decarbonization efforts, highlighting the potential for growth driven by regulatory changes and technological advancements [1][4]. Core Insights and Arguments - The shipping industry is pushing for low-carbon solutions, with the **International Maritime Organization (IMO)** potentially implementing a phosphorus emission ban by 2028, which could accelerate the global transition to low-carbon fuels and stimulate demand for green methanol [1][7]. - Green methanol is priced above **1,000 USD/ton** internationally, primarily driven by the shipping sector's need for decarbonization, while gray methanol prices range from **2,200 to 2,500 CNY/ton**, influenced by downstream chemical raw material costs [1][6]. - There are three main production routes for green methanol: 1. Biomass gasification synthesis (cost: **3,000-4,000 CNY/ton**) 2. Biomass coupled with green hydrogen production (cost: **3,000-4,000 CNY/ton**) 3. Electrolysis (cost: **over 5,000 CNY/ton**) [1][8]. - Global green methanol production capacity is expected to reach **500,000 tons** by the end of 2024 and not exceed **1 million tons** by the end of 2025, with domestic capacity also around **500,000 tons** [1][16]. Demand Drivers - The primary demand for green methanol currently comes from the **global shipping industry**, which is undergoing a low-carbon transition. Long-term demand is also anticipated from the chemical industry [2][3]. - The urgency in the shipping sector to adopt green methanol stems from the dominance of shipowners in **Northwest Europe and East Asia**, who control **85%** of global shipping capacity [3]. Regulatory and Market Dynamics - The EU is advancing green regulations in shipping, with new decarbonization laws expected to be implemented in **2024 and 2025**, aiming for an **80% reduction** in carbon emissions by **2050** [9]. - The IMO's measures will require ships to use increasingly green fuels, with penalties for non-compliance, potentially leading to significant financial implications for the shipping industry [10][12]. Investment Opportunities - Investment strategies include transitioning to green methanol production to achieve rapid performance growth and benefiting from increased government support for green methanol, which will drive demand for midstream equipment and EPC companies [17]. - Companies to watch include **Jiaze New Energy, Goldwind Technology, and Jidian Co.**, which have significant market potential due to their existing operations and planned capacity expansions [19]. Production Capacity and Future Outlook - Notable projects include **Goldwind Technology's** capacity increase to **1.45 million tons** and **Jidian Co.**'s collaboration with major green fuel demand partners [22][21]. - The domestic equipment sector is expected to see capital expenditures of **30-50 billion CNY** annually, with a focus on gasification equipment and process packages [27][28]. Challenges and Considerations - The shipping industry faces challenges in fuel system maturity, with green methanol being favored over hydrogen and ammonia due to lower technical barriers and compatibility with existing fuel systems [14][15]. - The competition among green methanol suppliers will hinge on their ability to maintain low production costs, with profitability projected at **1,500-2,000 CNY/ton** [18]. Conclusion - The green methanol industry is poised for growth driven by regulatory changes, technological advancements, and increasing demand from the shipping and chemical sectors. Investors should focus on companies with strong market positions and capacity expansion plans to capitalize on this emerging market.

Core Insights - Wah Kwong Shipping and NatPower Marine have formed a joint venture, Wah Kwong NatPower Holdings, to develop and operate shore power networks in Asia, aiming to accelerate the decarbonization of the shipping industry [1][2][4] Joint Venture Goals and Layout - The joint venture will focus on the electrification of Hong Kong waters and gradually expand to the Greater China market, ultimately covering major ports across Asia with shore power networks [2][6] - WK NatPower will provide integrated shore power solutions for vessels, including power supply during port stays and charging services for nearshore electric vessels, facilitating the shipping industry's transition to electrification and decarbonization [2][6] Leadership Insights and Industry Outlook - Wah Kwong's Executive Chairman emphasized the importance of diversifying decarbonization solutions to meet industry needs, while NatPower Marine's CEO highlighted the significance of Asian ports in global trade and climate change response [4][6] - NatPower's CEO stated that the collaboration aims to develop systems powered by renewable energy to drive decarbonization in the global shipping industry [4][6] Development of Clean Charging Corridors in Asia - The first project of WK NatPower is set to launch in 2026, focusing on ferry hubs, container terminals, and cruise markets in Asia, with plans to establish shore power infrastructure in over 30 ports by 2030 [6][7] - The initiative aims to create Asia's first clean charging corridor network at sea, integrating with a global network over time [6][7] Global Clean Energy Investment Plan - NatPower Marine has initiated a £10 billion (approximately HKD 104 billion) global clean energy investment plan, targeting the deployment of shore power systems and large-capacity charging infrastructure in 120 ports worldwide by 2030 [7] - This plan supports the shipping industry's compliance with stringent regulations from the International Maritime Organization regarding carbon intensity and emissions control [7] Company Background - Wah Kwong Shipping, established in 1952 and headquartered in Hong Kong, is a prominent shipowner with a global presence, actively promoting decarbonization and technological innovation [8][9] - Wah Kwong NatPower aims to integrate Wah Kwong's shipping resources with NatPower's renewable energy expertise to invest in and develop electrification infrastructure in Asia [9]

Core Viewpoint - The Global Maritime Decarbonization Center (GCMD) successfully completed the world's first carbon capture pilot project in the shipping industry, demonstrating the potential for captured CO2 to be reused in industrial applications, thereby linking maritime decarbonization efforts with broader terrestrial carbon ecosystems [1][2]. Group 1: Project Overview - The pilot project consists of two phases: the first phase involves capturing 25.44 tons of CO2 from the container ship "Chang Ding" and transferring it to the receiving vessel "De Jin 26" [1]. - The captured CO2 is then transported to a terminal in Zhoushan, Zhejiang Province, and unloaded into tank trucks [1]. - The second phase, led by GCMD, involves transporting the captured CO2 to its final usage destination, where it is successfully utilized in the production of low-carbon calcium carbonate [1]. Group 2: Industry Implications - This cross-industry demonstration project indicates that CO2 captured from the shipping sector can be repurposed for industrial use, thus integrating maritime decarbonization with a wider carbon ecosystem [2]. - GCMD's CEO, Professor Lu Yueling, emphasized the importance of addressing technical and operational challenges in the unloading and utilization of ship-captured CO2, marking a significant step towards incorporating this captured CO2 into a broader circular economy [2]. - GCMD was established by six industry partners, including BHP, BW Group, and others, and has received funding support from the Maritime and Port Authority of Singapore for eligible research and development projects [2].