The liner sector continues to lead the way in the adoption of alternative fuel-capable ships, with nearly a third of newbuilding orders placed last year being for non-conventionally fuelled vessels. This marks a significant shift towards the use of cleaner and more sustainable forms of propulsion in the shipping industry.
One of the main drivers behind this trend is the increasing regulatory pressure to reduce emissions and address the environmental impact of shipping. The International Maritime Organization’s (IMO) target of halving greenhouse gas emissions from the sector by 2050 has spurred many companies to invest in alternative fuel technologies such as LNG (liquified natural gas) and electricity.
In addition to regulatory incentives, the economic case for alternative fuels is also becoming increasingly compelling. The price of LNG, for example, has been steadily declining in recent years, making it a more competitive option for ship owners.
Overall, the shift towards alternative fuels in the liner sector is a welcome development, as it not only helps to reduce emissions and protect the environment, but also positions the industry for long-term sustainability and success.