According to a Rethink Energy report, the high liquefaction cost on top of the critical requirement that the fuel needs to be maintained at –252.87°C, makes liquid hydrogen (LH2) too expensive of an option to survive in the changing shipping and trade market. However, that’s not the view taken by some big industry players who are beginning a feasibility study into the design of new LH2 bulk carriers. Japanese shipping company Mitsui O.S.K. Lines (MOL) alongside Australian energy firm Woodside, South Korean shipbuilders HD Korea Shipbuilding and Offshore Engineering (HD KSOE), and Hyundai Glovis are exploring the potential of transporting liquid hydrogen in bulk across oceans. The collaboration was initiated by Woodside, HD KSOE, and Hyundai Glovis back in 2022.…