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紅海危機とIMO炭素価格下におけるHFO・LNG・アンモニアの技術経済・環境評価:スエズ運河と喜望峰ルートのOPEXベース多シナリオ分析

Techno-economic and environmental assessment of HFO, LNG, and ammonia under the red sea crisis and IMO carbon pricing: an OPEX-based multi-scenario analysis of Suez Canal and Cape of Good Hope routing (原題)

S. H. Okasha

Journal of Shipping and Trade📚 査読済 / ジャーナル2026-08-17#炭素価格Origin: Global経営インパクト: コスト削減対象セクター: shipping
DOI: 10.1186/s41072-026-00252-4
原典: https://doi.org/10.1186/s41072-026-00252-4
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🤖 gxceed AI 要約

日本語

本研究は、15,000TEUコンテナ船のロッテルダム-シンガポール航路を対象に、HFO・LNG・アンモニアの代替燃料をOPEXベースで比較評価した。紅海危機により全燃料で運航コストが増加し、アンモニアは相対的なコスト上昇が最小で、LNGが最も競争力を持つことを示した。IMO炭素価格は低・ゼロ排出燃料の競争力を高める可能性がある。

English

This study evaluates HFO, LNG, and ammonia for a 15,000 TEU containership on the Rotterdam-Singapore route using an OPEX-based multi-scenario framework. The Red Sea crisis raises operating costs across all fuels, with ammonia showing the smallest relative increase and LNG remaining most cost-competitive. IMO carbon pricing is likely to boost low- and zero-emission fuels, highlighting the interplay between decarbonization, routing, and geopolitical risk.

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

📝 gxceed 編集解説 — Why this matters

日本のGX文脈において

日本の海運業界(商船三井、日本郵船等)はアンモニア燃料船の開発を進めており、本分析は紅海危機やIMO炭素価格導入時の燃料選択・ルート戦略に定量的根拠を提供する。SSBJ開示やトランジション戦略の策定にも示唆を与える。

In the global GX context

This study provides a quantitative benchmark for maritime decarbonization under geopolitical disruption and IMO carbon pricing, relevant to global shipping stakeholders and policymakers. It informs fuel transition strategies and route planning, contributing to the broader discourse on transition finance and climate risk in the shipping sector.

👥 読者別の含意

🔬研究者:Provides an OPEX-based comparative framework for alternative marine fuels under crisis and carbon pricing scenarios, useful for further research on maritime decarbonization.

🏢実務担当者:Offers actionable insights for shipping companies on fuel selection and route planning under geopolitical and carbon pricing risks.

🏛政策担当者:Highlights the impact of IMO carbon pricing on fuel competitiveness, supporting policy design for maritime decarbonization.

📄 Abstract(原文)

The maritime shipping industry faces increasing pressure to decarbonise, with alternative fuels emerging as key pathways to reduce greenhouse gas emissions. This study develops an operational expenditure -based multi-scenario framework to evaluate the techno-economic and environmental performance of alternative marine fuels for a 15,000 TEU containership operating on the Rotterdam–Singapore route. The analysis compares Heavy Fuel Oil (HFO), Liquefied Natural Gas (LNG), and ammonia across Suez Canal (SC) and Cape of Good Hope (COGH) routing options under normal market conditions and Red Sea crisis conditions, incorporating fuel costs, tank-to-wake CO 2 emission costs, and SC transit tolls under alternative pricing and rebate schemes. The results demonstrate that the Red Sea crisis substantially increases total operating costs across all fuel pathways on the COGH route. Compared with normal market conditions, total operating costs increase by approximately 155% for HFO, 118% for LNG, and 58% for ammonia. While ammonia remains the highest-cost option in absolute terms, it exhibits the smallest relative cost escalation under crisis conditions, indicating greater resilience to fuel price and carbon cost shocks. LNG emerges as the most cost-competitive option across most scenarios, whereas HFO loses relative competitiveness due to its higher exposure to fuel and carbon costs. The diversion of vessels from the SC to the COGH increases voyage distance from 8288 to 11,755 nm, resulting in higher fuel consumption, emissions, and carbon costs. Consequently, CO 2 emissions increase from 4114 to 5,481 tons on the SC route to 5797–7723 tons on the COGH route, highlighting the critical influence of route choice on both environmental and economic performance. The findings further suggest that emerging IMO carbon pricing measures are likely to strengthen the competitiveness of low- and zero-emission fuels, particularly under conditions of geopolitical disruption. Overall, the study provides a comparative benchmark for evaluating alternative fuel pathways and routing strategies, contributing to the understanding of the interactions between maritime decarbonization, route selection, and geopolitical risk in global container shipping.

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