The shipping industry’s fuel choices on the path to net zero

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

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

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.