Shipping’s choice of alternative bunker fuel will be framed by a host of factors but led by price and, on current showing, it seems that both liquefied natural gas and oil-derived fuels should stay in the running for the foreseeable future, according to energy transition analyst Rhidoy Rashid.
Topic: TECHNOLOGY
Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead.
Clarksons’ data shows that the largest share of alternative-fuelled orders in 2023 was still LNG dual fuel, albeit with an increase to 125 orders of methanol dual fuel vessels in 2023.
Carbon capture set to provide shipping with zero-carbon pathway and cargoes
It was not very long ago that the mention of carbon capture on board ships was met with raised eyebrows and polite incredulity.
Shipping is sizing up energy transition opportunities
After a year in which decarbonisation regulations were agreed to be sharpened at both IMO and EU level, the maritime industry advanced significantly towards meeting its long-range emissions targets in 2023, according to LR’s analysis of vessel ordering, technology and fuel developments.
Singapore’s marine biofuel demand could double by 2025: TotalEnergies executive
Marine biofuel demand at the world’s largest bunker hub Singapore could potentially double by 2025 to almost 1 million metric tonnes from 2023 levels as shippers seek to cut emissions, a senior TotalEnergies executive said.
LNG – Leading Maritime Decarbonisation
This year’s View from the Bridge 2023-2024 highlights how the shipping industry has advanced along the LNG pathway to decarbonisation in 2023 and outlines the progress anticipated in 2024.
Biogas Can Help Global Shipping Go Green
The global shipping industry carries 80% to 90% of global trade, yet the industry has not yet begun to decarbonize in any meaningful way.