This study presents the results of economic and environmental analysis for two types of zero-emission ships (ZESs) that are receiving more attention to meet strengthened environmental regulations. One of the two types of ZES is the ZES using only the energy storage system (All-ESS), and the other is the ZES with fuel cell and ESS hybrid system (FC–ESS). The target ship is a tug operating in South Korea, and the main parameters are based on the specific circumstances of South Korea. The optimal capacity of the ESS for each proposed system is determined using an optimization tool. The total cost for a ship’s lifetime is calculated using economic analysis. The greenhouse gas (GHG) emission for the fuel’s lifecycle (well-to-wake) is calculated using environmental analysis. The results reveal that the proposed ZESs are 1.7–3.4 times more expensive than the conventional marine gas oil (MGO)-fueled ship; however, it could be reduced by 1.3–2.4 times if the carbon price is considered. The proposed ZESs have 58.7–74.3% lower lifecycle GHG emissions than the one from the conventional ship. The results also highlight that the electricity- or hydrogen-based ZESs should reduce GHG emissions from the upstream phase (well-to-tank) to realize genuine ZESs.
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