Daewoo Shipbuilding & Marine Engineering (DSME) said it signed a tripartite cooperation agreement with GasLog, an LNG shipping services company in Greece, and the American Bureau of Shipping (ABS), a classification society in the United States, on the sidelines of the Posidonia shipping exhibition in Athens.
The three companies agreed to develop an onboard carbon capture and storage system (OCCS) by the first quarter of 2023. OCCS absorbs carbon dioxide emitted by ship engines, stores it in the form of byproducts on board, and safely releases it on land. They would form a joint working-level council to install OCCS to LNG carriers to be built by DSME.
DSME won an order from Gaslog in 2021 to build four LNG carriers mounted with OCCS equipment. "Through this cooperation, our company will try to become a leader in eco-friendly ship technology," DSME's technology center head Seo Jun-ryong said in a statement on June 10.
DSME said it would comprehensively review the basic design of OCCS equipment and share relevant technical data and drawings. Gaslog is responsible for technical requirements, while ABS will provide guidelines on overall rules and regulations for OCCS development, while overseeing evaluation procedures for obtaining approval in principle (AiP), which is a procedure to verify the technical suitability of a ship's basic design, leading to order activities.
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