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.

New Joint Survey
Credit: Zero Carbon Shipping

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 contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

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Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

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