Methanol fuelled vessel orders gain momentum

Chamber of Shipping > Blog > News > International > Methanol fuelled vessel orders gain momentum

Methanol is becoming the top choice as an alternative fuel for the shipping industry, with a record number of orders for new ships and retrofits. Over 200 methanol-powered vessels have been ordered because of recent developments in the field. Retrofitting existing ships with methanol engines is also gaining traction, with potentially thousands of ships eligible for conversion. To factor in being economically viable, the cost of retrofitting should not exceed 25 per cent of the new build.

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