Groundbreaking ABS Study Explores Potential of Commercial Nuclear Propulsion
26.7.2023 21:00:00 EEST | Business Wire | Press release
The transformational impact of nuclear propulsion on the design, operation and emissions of a 14k TEU container vessel and a 157k DWT Suezmax tanker have been modeled by ABS and Herbert Engineering Corp. (HEC) in a groundbreaking study.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230726740650/en/
A concept design developed as part of the study. (Photo: Business Wire)
ABS commissioned HEC to carry out the study to explore the potential of advanced modern reactor technology for commercial marine propulsion. The study is designed to help industry better understand the feasibility and safety implications of nuclear propulsion and to support future development projects.
The study, which involved input from leading nuclear reactor developers, modeled the impact of two, lead-cooled, 30MW fast reactors on the container carrier, finding it would likely increase cargo capacity and operational speed, while eliminating the need for refueling during its entire 25-year lifespan. On the Suezmax vessel, the study found the addition of four, 5MW, heat-pipe microreactors, while decreasing cargo capacity, would raise operational speeds and only require refueling once during its 25-year life. Both concept vessels would emit zero CO2.
“Our findings from this latest cutting-edge research underscore why the industry cannot afford to ignore the vast potential offered by nuclear propulsion both in terms of emissions reduction and operational efficiency. A net-zero world is more easily realized through nuclear propulsion, and we are putting in place the foundations for that future today. Turning this into a practical reality will require significant public sector support and ABS is well placed to bring governments and industry together,” said Christopher J. Wiernicki, ABS Chairman and CEO. “Advanced or small modular reactors address many of the issues traditionally associated with nuclear for commercial maritime use, with enhanced safety and efficiency, reduced cost and waste and proliferation prevention. Nevertheless, many questions need to be answered and it is critical that industry evaluate these technologies with a laser focus on safety.”
“HEC is pleased to be able to support ABS and explore the practical application of nuclear power on board. This study is helping us to understand in detail both the potential of modern reactor technology and how this will affect the design and operation of future vessels,” said Robert Tagg, Senior Principal Naval Architect at HEC.
ABS is playing a pioneering role in supporting the development of nuclear propulsion for commercial vessels. The U.S. Department of Energy (DOE) has awarded ABS a contract to research barriers to the adoption of advanced nuclear propulsion on commercial vessels. The DOE has also contracted ABS to support research into thermal-electric integration of a nuclear propulsion system on a commercial vessel being carried out by the University of Texas.
About ABS
ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design and construction. Focused on safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to develop accurate and cost-effective compliance, optimized performance and operational efficiency for marine and offshore assets.
About HEC
HEC provides marine consulting, ship design, and software development services to shipowners, operators, shipyards, and government agencies.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230726740650/en/
Contact information
For more information
ABS Media Relations: jmire@eagle.org
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Vena To Acquire Acterys, Creating a New Category of Enterprise Performance Management: Orchestrated Planning3.2.2026 18:00:00 EET | Press release
Vena, the only complete FP&A platform powered by agentic AI and purpose-built to amplify the Microsoft technology ecosystem, today announced it has entered into a definitive agreement to acquire Managility Pty Ltd, operating as Acterys (“Acterys”), the industry’s leading Power BI–based operational planning and app development platform, subject to customary closing conditions and regulatory approval. This acquisition unlocks a category-defining way for enterprises to combine planning, analytics, and application development within the Microsoft tools they already trust to run their business. By combining Vena’s Excel-native financial planning and analysis (FP&A) capabilities with Acterys’ proprietary Power BI write-back engine and unified analytics within Microsoft Fabric, Vena is creating the first Microsoft-native environment for Orchestrated Planning, an operating model that moves organizations beyond integrated planning into fully orchestrated and agentic AI-powered execution. Orches
Volante Technologies named a Leader in Gartner® Magic Quadrant™ for Banking Payment Hub Platforms3.2.2026 17:15:00 EET | Press release
Volante Technologies, the global leader in Payments as a Service (PaaS), today announced its recognition as a Leader in the 2026 Gartner® Magic Quadrant™ for Banking Payment Hub Platforms, which evaluates vendors based on Ability to Execute and Completeness of Vision. In Volante’s view, Gartner positioned them as a Leader based on their capacity to support enterprise-scale payment processing in banks and financial institutions across multiple regions, deployment models, and operational environments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260203149834/en/ This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. As the highest positioned provider in Ability to Execute, Volante believes its AI-poweredPayments Platform is ISO 20022 native and provides complete, always-on, and composable payment processing support and can be deployed p
Toptal Ranked #1 Most Reliable Professional Services Company in America by Newsweek3.2.2026 17:00:00 EET | Press release
Toptal, the world’s largest fully remote workforce, has been ranked the #1 most reliable professional services company in America on the America’s Most Reliable Companies 2026 list by Newsweek and Statista. The list ranks top US companies based on trust, dependability, and consistent performance in their industry. In Newsweek’s ranking of 300 companies across all industries, Toptal took 10th place, right behind Bank of America and Oracle, which tied for 9th. As the most reliable professional services organization in America, Toptal, which ranked 11th in absolute rankings across all companies, placed well ahead of companies like Accenture (33), Deloitte (39), and Cognizant (66). The America’s Most Reliable Companies 2026 ranking is based on an independent survey of more than 80,000 evaluations submitted by 2,400 business decision-makers at America’s largest companies, including Apple, Dropbox, Johnson & Johnson, and UPS, making this recognition an especially meaningful indicator of prod
HTEC Research Reveals the Real AI Scaling Challenge: It’s Not the Technology3.2.2026 16:46:00 EET | Press release
AI has moved from ambition to action. Every organization is deploying it. Yet for most enterprises, the real challenge is only just beginning. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260203951136/en/ HTEC, a global AI‑first provider of software and hardware design and engineering services, released Executive Summary: A Cross‑Industry View of the State of AI in 2025, a global research report capturing how senior executives are navigating the next phase of AI transformation—and why scaling value remains elusive. Today, HTEC, a global AI‑first provider of software and hardware design and engineering services, released Executive Summary: A Cross‑Industry View of the State of AI in 2025, a global research report that captures how senior executives are navigating the next phase of AI transformation—and why scaling value remains elusive. Based on insights from 1,529 C‑suite executives worldwide, the research offers one of th
Andersen Consulting Adds Collaborating Firm Saratoga Software3.2.2026 16:30:00 EET | Press release
Andersen Consulting strengthens digital transformation offering with the addition of collaborating firm Saratoga Software, a provider of software delivery and specialist technology solutions. Founded in 1998, Saratoga Software provides companies, especially in the financial services and fintech sectors, a comprehensive suite of services, including custom software design and development, business analysis, platform integration and support, quality assurance, project management, and data engineering and business intelligence. With offices in South Africa and the United Kingdom, the firm also specializes in AI and machine learning solutions as well as cloud migration, customer communication management, and strategic technology advisory services. “Our team brings deep engineering expertise, seniority, and a proven ability to solve complex problems — qualities that make us trusted advisors for our clients,” said Anthony Robinson, executive chairman of Saratoga Software. “Collaborating with
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom
