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日本海事新聞ニュース Japan Maritime Daily Oct 02, 2025 (Thu)

IMO’s Toughened Regulations Diminish LNG’s Long-Term Investment Incentive

 Regarding the mid-term GHG (greenhouse gas) measures that the IMO (International Maritime Organizat ・・・ %E3%80%80Regarding+the+mid-term+GHG+%28greenhouse+gas%29+measures+that+the+%3Cb%3EIMO%3C%2Fb%3E+%28International+Maritime+Organization%29+aims+to+adopt+in+the+middle+of+this+month%2C+European+shipowners%2C+including+Greek+ones%2C+are+increasingly+saying+that+the+regulations+are+too+strict+for+transitional+solutions+such+as+LNG+%28liquefied+natural+gas%29+fuel.+The+%3Cb%3EIMO%3C%2Fb%3E%E2%80%99s+mid-term+plan+calls+for+the+regulatory+level+of+GHG+intensity+%28GHG+emissions+per+unit+of+energy+over+the+life+cycle%29+to+be+tightened+at+a+rapid+pace+every+year%2C+so+%E2%80%9Ceven+LNG-fueled+ships+will+be+subject+to+levies+within+a+few+years+of+the+start+of+the+regulations%2C%E2%80%9C+according+to+a+market+insider.+As+a+result%2C+European+shipowners+have+been+expressing+opposition%2C+saying+that+this+will+%E2%80%9Creduce+the+willingness+to+invest+in+transitional+technologies.%E2%80%9C+%3Cbr%3E+%3Cbr%3E%E3%80%80%E2%80%9CThe+business+viability+of+transitional+fuels+such+as+LNG+and+biofuels+is+ignored.+Reducing+investment+incentives+in+the+LNG+value+chain+eliminates+one+of+the+pathways+to+future+decarbonized+fuels%2C+bio-LNG+and+synthetic+methane.%E2%80%9C+%3Cbr%3E%E3%80%80A+joint+statement+issued+in+mid-September+by+24+companies%2C+including+Greek+and+Nordic+shipowners%2C+sounded+the+alarm+about+the+%3Cb%3EIMO%3C%2Fb%3E%E2%80%99s+mid-term+measures+as+above.+%3Cbr%3E%E3%80%80In+particular%2C+the+statement+criticizes+the+pace+at+which+GHG+intensity+standards+and+regulatory+values+are+tightened+every+year%2C+pointing+out+that+%E2%80%9Cthe+proposed+trajectory+is+extremely+accelerating+and+steep%2C+and+is+so+strict+that+it+would+bring+forward+FuelEU+Maritime+%28EU+%EF%BC%9CEuropean+Union%EF%BC%9E+marine+fuel+regulations%29+by+more+than+10+years.%E2%80%9C+%3Cbr%3E%E3%80%80FuelEU+Maritime%2C+which+the+EU+began+implementing+this+year%2C+will+strengthen+GHG+intensity+regulations+every+five+years.+On+the+other+hand%2C+the+%3Cb%3EIMO%3C%2Fb%3E%E2%80%99s+mid-term+measures+plan+will+be+strengthened+year+by+year%2C+and+the+regulatory+level+is+set+to+be+stricter+than+that+of+FuelEU+Maritime.+%3Cbr%3E%E3%80%80A+shipping+industry+insider+familiar+with+environmental+regulations+said%2C+%E2%80%9CThe+%3Cb%3EIMO%3C%2Fb%3E+is+probably+aiming+to+encourage+unification+into+the+global+%3Cb%3EIMO%3C%2Fb%3E+mid-term+measures+by+making+the+regulations+stricter+than+FuelEU+Maritime%2C+which+is+a+regional+regulation.%E2%80%9C+%3Cbr%3E%E3%80%80FuelEU+Maritime+defines+the+GHG+intensity+of+LNG+fuel+as+76.1-89.2+grams+of+carbon+dioxide+%28CO2%29+equivalent+per+megajoule.+%3Cbr%3E%E3%80%80There+will+be+differences+depending+on+the+engine+type%2C+with+Otto+cycle+low-speed+engines+and+diesel+cycle+low-speed+engines+coming+into+conflict+with+FuelEU+Maritime%E2%80%99s+regulatory+values+from+2035+and+2040%2C+respectively%2C+resulting+in+cost+burdens.+%3Cbr%3E%E3%80%80On+the+other+hand%2C+the+%3Cb%3EIMO%3C%2Fb%3E%E2%80%99s+mid-term+measures+have+not+yet+determined+the+GHG+intensity+of+LNG+fuel.+If+the+same+intensity+as+FuelEU+Maritime+were+to+be+applied%2C+Otto+cycle+low-speed+engines+would+exceed+the+%3Cb%3EIMO%3C%2Fb%3E+mid-term+standards+from+around+2028%2C+and+diesel+low-speed+engines+from+around+2030%2C+and+levies+could+be+imposed.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A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