To expect the timing of adoption and commercialization of green alternative fuel engines from the perspective of international shipping and explain the major roles of stakeholders related to alternative fuels in shipping
Fuel Type: Ammonia
Recommendations for Design and Operation of Ammonia-Fueled Vessels Basd on Multi-disciplinary Risk Analysis
To understand the risks of using ammonia, including primarily toxicity, onboard fires and explosions and provide the safeguards that can be implemented to reduce them to tolerable levels
Analysis on interaction of CII with GFS: Calibrating IMO energy efficiency and fuels targets
To recommend effective strategies for the shipping sector to achieve the IMO emission reduction targets
Exploring the technical feasibility of carbon capture onboard ships
To assess the technical feasibility of implementing carbon capture systems on ships to help reduce CO2 emissions, particularly concentrating on both retrofit and newbuild vessels.
Alternative Fuels Insight
To provide insight into the future transition of international shipping to alternative fuels, focusing on achieving net-zero GHG emissions by 2050.
To offer guidance on selecting the appropriate alternative fuels and addressing the technical, economic, and regulatory factors involved in making informed decisions.
Maritime Forecast to 2050
To analyze the current state of the shipping industry’s carbon emission reduction transition and the prospects for new technologies and stretegies, including ship design and fuel selection, necessary to achieve full net-zero
Cost of Regulatory Compliance Lower with LNG
To provide information on the impact of alternative fuels choice
Applying Alternative Fuels to Existing Ships (Engine Retrofit Report 2023)
To explore decarbonization through retrofitting existing ships and analyze the price gap between alternative fuels and conventional fuels through forecast scenarios for the application of alternative fuel technologies in ship retrofits
It is worth noting that this report proposes a required carbon tax of $350 per ton of CO2 in order to bridge the price gap between existing marine fuels and the latest eco-friendly alternative fuels, such as methanol and ammonia.