Issuing agency: Lloyd's Register
Column: Insight Article
source: https://www.lr.org/en/knowledge/insights-articles/2024-posidonia/
Several high-profile joint projects announced at the world’s most prestigious maritime exhibition in Athens
More than 40,000 people from the global maritime industry came to Athens, Greece for the 2024 edition of Posidonia, the 28th since the launch of this prestigious event in 1969.
LR was among the 2,000 exhibitors and our busy presence at the show was marked by project announcements from across the maritime value chain.
Marking a significant step in supporting the growing CO₂ value chain, we awarded approval in principle to HD HHI and Capital Gas Ship Management for a 40,000 cbm LCO₂ carrier, which was developed following a joint development project between the parties.
The vessel has been designed to support the growing CO₂ value chain with the growing importance of solutions such as Carbon Capture and Storage (CCS) to the energy transition and builds on the strong working relationship between the JDP partners, for the construction of four 22,000 cbm low-pressure LCO₂ carriers equipped with IMO Type C storage tanks and a state-of-the-art cargo handling system able to accommodate CO₂ (Carbon), NH₃ (ammonia), and LPG (liquefied petroleum gas).
On Tuesday, the ceremony for LR and Guangzhou Shipyard International’s (GSI) joint development for the design of the world’s largest VLAC (Very Large Ammonia Carrier) took place. The ammonia carrier will provide further options for owners and operators looking to expand their fleets and will have a carrying capacity of 100,000 cbm.
LR continues to build on its strong expertise in helping shipowners and operators develop pathways to decarbonisation. On Thursday the LR Stand was host to a ceremony marking a new strategic partnership between LR and TMS Group (TMS Tankers Ltd. and TMS Cardiff Gas Ltd.) explore and define compliance pathways that will facilitate the TMS Group’s fleet transition towards sustainable and environmentally compliant operations.
The project will focus feature a comprehensive analysis of TMS’ existing business and sustainability strategies, concluding with the development of a strategic roadmap that will include short, medium, and long-term initiatives to ensure the TMS fleet remains compliant with evolving environmental regulations while minimising operational disruptions.
Representatives from TMS Group and LR marked the partnership with a ceremony at the LR Stand on day two of the exhibition. Joint project for GSI 4th generation VLCC design Cementing LR and GSI’s strong relationship, the announcement of a project for a 4th generation Very Large Crude Carrier (VLCC) marked a significant step for the China-State Shipbuilding-Corporation (CSSC)-owned shipyard’s development of oil tankers.
Novel bulk designs were a prominent feature of this year’s event with a several innovative projects announced:
The exhibition featured several interesting projects for ships designed to carry or use ammonia as a marine fuel including:
LR CEO Nick Brown met with Greek Prime Minister Kyriakos Mitsotakis at the LR stand on Posidonia 2024's opening night. Share this page Speak to an LR expert today Contact us Close Speak to an expert Read more Posidonia 2024 Press release04 Jun 2026