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New Joint Survey Conducted On Shipping Industry’s Fuel Choices To Encourage Maritime Decarbonization
Shipping companies—encouraged by regulation, customer demand, investor pressure, and internal goals—are searching for ways to decarbonize their fleets.
More than 95 percent of ships today are powered by internal-combustion engines (ICEs) that run on various petroleum products, such as heavy fuel oil (HFO), marine gas oil (MGO), and marine diesel oil (MDO).
Any comprehensive effort to reduce emissions will require finding greener fuel to propel vessels across the water.
To understand how industry leaders are thinking about future fuels, the Global Centre for Maritime Decarbonisation, the Global Maritime Forum, and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping recently conducted a survey (with analytical support provided by McKinsey) of 29 shipping companies.
Collectively, these companies own and operate fleets—including container ships, tankers, dry bulkers, gas carriers, car carriers, cruise ships, tugs, and offshore vessels—comprising roughly 20 percent of the world’s total capacity.
Respondents, professionals responsible for the decarbonization efforts of these organizations, were asked about their plans and projections to adopt cleaner fuels and efficiency boosting technologies.
Reference: Zero Carbon Shipping
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The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
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