Incoming regulations for shipping could hit around two-thirds of the fleet as decarbonisation pressures intensify at a time when demand for vessels is also rising.

Panel moderator for the shipping session at the LNG World Summit & Awards Lloyd's Register gas technology segment manager Panayiotis Mitrou tackled the subject of the Carbon Intensity Indicator (CII) regulations. These come into force from 1 January 2023 and will measure the operational performance of vessels, becoming stricter over the years.

Whittling down the global LNG fleet of around 600 large vessels, Mitrou said some 250 are less efficient first-generation steam turbine ships and 150 are dual-fuel diesel-electric vessels that have worse methane emissions than their steamship cousins.