Risk analysis for ammonia-fueled vessels

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Using ammonia as a shipping fuel can create potential safety hazards, including toxicity. It is crucial for shipping’s stakeholders to understand the risks of ammonia as a shipping fuel and the safeguards that can be implemented to reduce risks to tolerable levels.

A joint study into ammonia safety onboard ships was recently undertaken by the Lloyd’s Register Maritime Decarbonisation Hub and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS). The study is the most comprehensive to-date on the effectiveness of risk mitigation measures applied to ammonia-fueled vessels. It pairs Quantitative Risk Assessment analysis – a powerful, data-driven method that allows users to assess risk in a quantitative and granular manner – with an analysis of human factors considerations that will be impacted by a transition to ammonia fuel use.

To explore the study results in-depth, Matt Dunlop (Director of Sustainability & Decarbonisation, V.Group; Secondee to MMMCZCS) & Samie Parkar (Senior Decarbonisation Risk Specialist, Lloyd’s Register) were joined by Sofia Fürstenberg Stott (Partner, Fürstenberg Maritime Advisory).