PARIS – (BUSINESS WIRE) – Regulatory news:
TOTAL (Paris: FP) (LSE: TTA) (NYSE: TOT):
Total and MSC Cruises today formalized a contract to supply about 45,000 tons of liquefied natural gas (LNG) for future MSN Cruises LNG-powered cruise ships for calls to the port of Marseille (France).
This agreement highlights strong cooperation in the French maritime industry and the excellence of its value chain, from shipbuilding to the supply of cleaner marine fuels, and the involvement of local port authorities to enable the safe management of ships.
Pierfrancesco Vago, The Executive President of MSC Cruises, said: “This agreement represents a further step in our continuous journey towards continuous reduction of environmental impact, for which LNG is currently a crucial component. As we prepare to launch our first of three upcoming LNG cruises in 2022, through this key agreement Marseille will become our hub in the Mediterranean to refuel our latest generations and the most environmentally friendly ships.”
Alexis Vovk, President, Marketing and Services of Total, said: “We are proud to develop the first supply chain for LNG bunkers in France, in the port of Marseille-Fos, together with leaders in the shipping industry such as MSC Cruises with whom we cultivate long-lasting partnerships worldwide bunker service. Total will continue to boost investment in LNG filling to eventually achieve its goal of serving more than 10% of the global market. In doing so, we will continue to monitor the energy transition of the shipping industry and the reduction of our customers ’carbon emissions, in line with our climate ambition to reach Net Zero together with the company by 2050.. ”
The signing of this agreement was placed under high auspices Annick Girardin, French Minister of Maritime Affairs. He uses the direct support of the Minister, who stated: “I welcome this agreement between MSC Cruises and Total. This is a strong commitment to the environment, which shows that when major economic players commit to ecological transition, they can access new levers for economic development. It is also what maritime France is! This agreement also illustrates France’s full potential for competitiveness and attractiveness. In line with the Fontenoy Maritime Forum, I want these links between shipowners, energy companies, ports and shipyards to continue to develop, in line with the goals of sustainable development. ”
LNG, which is used as a fuel for ships, sharply reduces ship emissions, resulting in a significant improvement in air quality, especially for communities in coastal areas and port cities. This agreement therefore has a positive impact not only on the city where the LNG refueling will take place, Marseille, but also on all the ports where the cruise ships will carry future ships around the Mediterranean Sea.
MSC Cruises ’LNG-powered vessels will be among the world’s most technologically advanced cruise ships, bringing a range of eco-innovations to market. Chief among them is a 50-kilowatt LNG-powered solid oxide fuel cell technology project that offers the potential to further significantly reduce greenhouse gas emissions compared to a conventional LNG engine.
Total will sail the MSC Cruises, which runs the LNG propulsion system, on Mediterranean routes by switching the ship to the ship, using its other ships for the LNG bunkers currently under construction. This vessel will meet the highest technical and environmental standards, using LNG as a propellant and integrating a complete re-exhaust gas.
By 2022, Total will operate two 18,600 m³ LNG refueling vessels in Rotterdam and Marseille and share the use of a third bunker vessel in Singapore. In February 2021, the company also received a permit from the Maritime and Port Authority of Singapore (MPA) for the supply of LNG in the Port of Singapore from 2022.
LNG as a fuel for ships
LNG as a marine fuel has gained positive momentum as the global marine industry wants to adapt to stricter emission standards.
LNG, used as a fuel for ships, helps reduce:
Sulfur emissions by 99%,
Emission of fine particles by 99%,
Nitrogen oxide emissions up to 85%,
Greenhouse gas emissions by about 20%.
LNG is an affordable and competitive solution that contributes to the long-term strategy of the International Maritime Organization (IMO) to reduce greenhouse gas emissions from ships. Traction in the development of LNG storage infrastructure has consequently expanded with several leading ports and LNG bunker suppliers, establishing key initiatives and making significant progress in supporting this development. LNG as a marine fuel also lays the foundation for the introduction of greener bioLNG in the future.
Overall, the second largest private global LNG player
Total is the world’s second largest privately owned LNG player, with a global portfolio of nearly 50 Mtpa by 2025 and a global market share of around 10%. The Group benefits from strong and diverse positions in the LNG value chain: gas production and liquefaction, transport and trade in LNG and contribution to the development of the LNG maritime transport industry. Through its interests in liquefaction plants in Qatar, Nigeria, Russia, Norway, Oman, Egypt, the United Arab Emirates, the United States, Australia and Angola, the company markets LNG to all world markets.
Total is a broad energy group that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy, which is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become a major energy responsible.
About MSC cruises
MSC Cruises is the third largest cruise marina in the world, as well as a leader in Europe, South America, the Gulf region and South Africa, with a larger market share in addition to distributed capacity than any other player. It is also the fastest growing global cruise brand with a strong presence in the Caribbean, North America and Far East markets.
Headquartered in Geneva, Switzerland, MSC Cruises is one of two brands located in the Cruise Division of MSC Group, a leading private freight forwarding and logistics conglomerate based in Switzerland with over 300 years of maritime heritage. MSC Cruises – a modern brand – has a modern fleet of 18 vessels combined with a significant future global investment portfolio of new vessels. The fleet is projected to grow to 23 cruise ships by 2025, with options for six ship orders by 2030.
The company’s first priority has always been the health and safety of guests and crew, as well as the community at the destinations served by its ships. In August 2020, MSC Cruises implemented a new comprehensive and robust health and safety protocol that became the first major return line to the sea. To learn more about the MSC Cruises health and safety protocol, take a look here.
MSC Cruises has long been committed to protecting the environment with the long-term goal of achieving zero emissions for its business. The company is also a significant investor in next-generation environmental marine technology, with the goal of supporting their accelerated development and availability across the industry. To learn more about the company’s commitment to the environment, take a look here.
Finally, to learn more about the MSC Foundation, MSC Group’s own vehicle for guiding, focusing and advancing its conservation, humanitarian and cultural commitments, see here.
This press release, from which no legal consequences can be drawn, is for informational purposes only. Entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. TOTAL SE is not responsible for their actions or omissions. In this document, the terms “Total”, “Total Group” and “Group” are sometimes used for convenience. Similarly, the words “we”, “we” and “our” can be used for affiliates in general or for those who work for them. This document may contain information and forward-looking statements based on a set of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove inaccurate in the future and are subject to a number of risk factors. Neither TOTAL SE nor any of its affiliates undertakes any obligation to publicly update any future information or statements, goals or trends contained in this document either as a result of new information, future events or otherwise.