Nuclear-powered commercial vessel

We identified large ocean-going vessels as having the most potential for making use of nuclear propulsion by studying four different concepts (bulk, container, tanker, and offshore). Key items were analyzed, including the mass and volume of the energy storage and power generation system. Our work showed that even though the shield around a nuclear power reactor has high mass and volume, in most cases, the nuclear option of small modular reactors (SMRs) is lighter and more compact than the conventional marine diesel option.

In terms of the type of nuclear power generation, C-Job research concluded that the (Very) High Temperature Gas Reactor ((V)HTGR has the most potential for the first commercial vessels using nuclear power, while a Molten Salt Reactor (MSR) has the most potential in the long term. The combination of passive safety, high burn-up, and the future potential to use the thorium cycle make it the best fit for maritime applications. With thorium, the amount of high-level nuclear waste is less and the longevity is reduced from more than 10,000 years to approximately 300 years.

While nuclear marine propulsion has a high capital expenditure, our research shows it could be cost-effective within fifteen years, depending on fuel cost and the vessel’s operational profile. Nuclear marine propulsion also offers the potential to consider higher design speeds, making the ship more profitable. This is due to the fuel cost (OPEX) only growing marginally with higher speeds.

The outcome of C-Job’s research could benefit all stakeholders in the shipping industry, from companies and investors to port authorities and regulatory bodies.