Carbon Neutral Biogas
Our mission is to build, own, and operate the cleanest, and most efficient fleet of cargo ships in the world.
Forward Ships, with its patented IP Kamsarmax design and simplicity of design, has applied existing and tested technology to design a cargo ship that emits up to 35% less CO2, 80% less NOx, 99% less SOx, 99% less particulate matter (PM) than conventional ships, and that can produce up to 50% savings in fuel costs. Forward Ships is the result of Project Forward, a five-year R&D effort led by our founder, Alex Panagopulos.
With its futureproof design, Forward Ships is taking the lead in meeting IMO's 2050 emissions' reduction targets.
Forward Ships takes pride in participating as a founding member in the launch of the Getting to Zero Coalition on September 23, 2019 at the UN Climate Summit. The Getting to Zero Coalition is a powerful alliance of more than 140 companies within the maritime, energy, infrastructure and finance sectors, supported by key governments and IGOs. The Coalition is committed to getting commercially viable deep sea zero emission vessels powered by zero emission fuels into operation by 2030 – maritime shipping’s moon-shot ambition. For more information, please click below:
ON TO CARBON-NEUTRALITY
AND ZERO EMISSIONS
EXISTING & TESTED ENGINE TECHNOLOGY - PROVEN DESIGN, READY TO BE BUILT.
Carbon Neutral Biogas - Hydrogen-Ready
Forward Ships has applied existing and tested technology to design a Kamsarmax bulk carrier ship that emits up to 35% less CO2, 80% less NOx, 99% less SOx, 99% less particulate matter (PM) than conventional ships of similar size.
Our hydrogen-ready gas engines are already able to blend LNG and Biogas with up to 20% hydrogen, and combustion concepts have been made for 100% hydrogen.
Our targets are to reduce total annual GHG emissions by at least 70% by 2050 compared to 2008; and reduce carbon intensity by at least 40% by 2030, pursuing efforts towards 85% by 2050, compared to 2008.
Every 100 Carbon Neutral Biogas - Hydrogen-Ready Forward Kamsarmaxes remove 649,000 tons of CO2 and 3,870 tons of SOx per year with up to 50% savings in fuel costs.
Furthermore, the first 20 Forward Ships Kamsarmaxes could produce fuel savings of up to USD $ 600 million in 20 years.
Technology convergence, and Forward Ships’ clever approach, has enabled functionality which made our concept financially viable way, for the first time.
SHELL, one of our world-class project partners, calls Forward Ships a “Game-Changer” and the reason for accelerating the roll-out of LNG bunkering infrastructure.
Beyond our arrangement with SHELL on bunkering, we also offer a complete and proprietary bunkering solution with our own-designed 4,500 m3 LNG supply vessels which will cover our needs and more.
At Forward Ships we commit to leading the way to the decarbonization of shipping. With our futureproof Kamsarmax bulk carrier design, at Forward Ships we are taking the lead in meeting IMO's 2050 emissions' reduction targets.
LET'S GET IT DONE.
Our mission is to build, own, and operate the cleanest, and most efficient ships in the world.
Our game-changing Forward Ships are leading the future towards a transformation of shipping to LNG and carbon-neutral biogas-powered ships.
As we have witnessed with the evolution from coal to oil to power ships, the transition to gas-powered systems is the next frontier. This is profoundly a game changer with an enormous environmental benefit for our Earth and its oceans.
Our pioneering LNG-fueled bulk carrier design for Forward Ships Corp. makes for a far-reaching turn for the dry cargo shipping industry which our world class partners and we are convinced is of historic proportions.
Join us in building the first ships, our goal is to make a dent in the universe, but without leaving a footprint.
Time to change how ships move,
Time to leave our Earth better than we found it,
Alexander (Alex) P. Panagopulos
Founder & CEO, FORWARD SHIPS
FUEL FOR SHIPS
IS (for now) NATURAL GAS
Operating on LNG delivers lower emission levels than when operating on diesel oil. Gas or dual-fuel engines running on gas according to the Otto cycle, have a 25% lower level of CO2 emissions, while NOx emissions are 85% lower than for a diesel engine. This enables compliance with the International Maritime Organization's Tier III levels without the need of a catalyst. As LNG does not include any sulfur, it also fulfills all sulfur regulations. And biogas offers the clearest path to carbon neutrality at affordable economics.
LNG is the alternative fuel that looks most promising today. Natural gas production worldwide is increasing, and together with renewables, gas is taking an increasing share of the global energy market. Natural gas traded as LNG is growing by some 6% to 8% per year.
Of all the fossil fuels, natural gas is the only fuel that is better burned than released raw in the atmosphere -
Burn a kilogram of methane and you get 2.75 kg of CO2. The global warming effect of 1 kg of CH4, in the GWP scale, is 30. Releasing the methane is 30/2.75 = 11 times worse than burning it, from a global warming point of view. Pound per pound, methane is 30 times worse.
Since it is anyway there, shouldn't we capture it, and then burn it and reduce CO2 emissions of ships by 25%?
GREENING THE TRANSPORTATION CHAIN
Environmental concerns have led to increasingly stringent emission legislation. What started as an onshore industry regulatory development is now impacting also the shipping industry. Shipping is lately facing multiple new regulations, which will soon be more stringent. The global cap of an 0.5% maximum content of sulfur in fuel from 2020, and the IMO Tier III regulations (specifying that NOx emissions must be 80% lower than at the IMO Tier I level) within Emission Control Areas (ECA) force the shipping industry to consider alternatives beyond today´s standard solutions. LNG far out-performs conventional marine fuels on a local emissions basis, effectively insulating companies from the impacts of future, and the ever-more more demanding regulations. LNG emits virtually zero SOx and virtually zero particulate matter.
LNG is clearly the fuel for the future. It is favored by regulators and everyone who is concerned about protecting our planet and its oceans.
EFFICIENCIES & ECONOMIES
The transition to what has become known as MFO 0.5% on January 1st, 2020, caused more changes to global marine industry than the switch to the 0.1%S fuel in the ECAs. The impact of this transition represents approximately 75% of global marine fuel demand when compared to the demand of ECA and causes a huge shift in demand from HFO to MFO 0.5%. Meanwhile, the growth in global LNG supply is led by the US, Australia and Africa. Between 2017 and 2020 the growth globally is projected to be a tectonic +50% ( in less than two years!). Although the investment costs to propel ships on LNG will be higher, the forecasted global increase in LNG supply should mean that the LNG price is kept at modest levels.
At a price level for LNG at $11 USD/MMBTU (and corresponding market pricing for oil) our patented design provides astounding savings of $1,299,070.- USD per vessel per year over compliant LSFO fuel and $255,733.- over HFO & scrubbers.
...So, who said that environmental compliance comes at a cost?
We are deeply honored.
Project Forward received the prestigious GREEN4SEA Clean Shipping Award for promoting the adoption of LNG as a marine fuel, suggesting the design of a Kamsarmax size bulk carrier which reduces the cost of transportation at sea, modernizes the shipping industry, and defines the new standard of vessel for IMO's 2020 emission rules.
Forward Ships brings this design to reality.
Project Forward received the Maritime2020 Summit Award for The Most Sustainable Project, “awarded for a project that stood out for its environmentally conscious techniques and processes that ensure sustainability in the maritime industry.”
Our patented Kamsarmax bulk carrier
Forward Technologies Corp. brings the answer to dry bulk cargo transportation worldwide. Our five-year research and development has produced an award-winning globally recognized design with patented IP.
Key characteristics of our design are its long range on LNG, the patented machinery arrangement which allows for optimum utilization of space, weight, and volume, and which further results in redundancies never before possible in bulk carriers, such as double redundancy in propulsion, quadruple in power
generation, and the safe return to port. At the heart of our machinery arrangement are two Wärtsilä's 31DF engines, which provide both the propulsion and the electricity generation for our innovative bulk carrier. This arrangement replaces the traditional one-propulsion engine and three-electricity- generators plant that is found on bulk carriers for the past six decades. This ship is capable of global deepsea long range ocean trading on LNG. The Wärtsilä 31DF range of engines are world record holders for thermal efficiency.
Our versatile LNG bunker ship
Forward Technologies Corp. brings the answer to the perennial question of LNG bunkering worldwide. We have developed our own solution with a 4,500 m3 LNG bunkering tanker which can serve our needs but also those of other operators.
Our intention is to enhance the LNG bunkering network there where it is needed with a cost-effective solution that can be replicated and applied easily.
We are confident that as the demand for marine LNG grows, so will the demand for supply ships like the one above.
The more LNG is available (today in 150 ports worldwide) the smaller the parcels will become. Our market research indicates that 4,500 m3 will be a standard size that will serve the market well for the useful economic life of this vessel.
Kindly contact us for more information.
Forward Technologies Corp. brings the answer even to the transportation of oil worldwide.
Marking the transition from oil to gas, FTC introduces the future-proof NEOAframax, a TIER III, EEDI Phase 3 – compliant vessel.
Equipped for long range trading on LNG, it marks the beginning of a new era in the ocean transportation of oil.
Our Container-Feeder ship
Forward Technologies Corp. brings the answer even to the transhipment of containers worldwide.
Marking the transition from oil to gas, Forward Technologies introduces the future-proof BH3500 LNG, a TIER III, EEDI Phase 3 – compliant vessel.
Equipped for trading on LNG, it marks the beginning of a new era in the ocean transportation of containers and with a big number of reefer plugs it also marks a turning point in reefer services.
“Future generations will judge our actions on climate change.”
– Ban Ki-Moon, former Secretary-General of the United Nations
Tel: +1 (646) 851 0250
Tel: + 30 (211) 106 9110
Tel: + 351 (21) 9237010
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