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The maritime industry is entering a critical new phase in its energy transition, with fleet readiness for alternative fuels surging ahead of actual supply infrastructure, according to DNV’s latest Maritime Forecast to 2050 report.
The report reveals that by 2030, the alternative-fuelled fleet will have capacity to consume up to 50 million tonnes of oil equivalent (Mtoe) of low-greenhouse-gas fuels annually – double the volume needed to meet the International Maritime Organization’s (IMO) 2030 emissions target. However, actual consumption of these fuels currently stands at just 1 Mtoe, highlighting a significant gap between fleet capabilities and fuel availability.
“The stage is set for the next phase of the maritime energy transition,” said Knut Ørbeck-Nilssen, CEO of DNV Maritime. “The IMO’s Net-Zero Framework has imperfections and greater clarity is urgently needed around how the collected money will be spent. It is already influencing investment decisions, operational choices and fuel strategies across the industry.”
Read more in an article from gCaptain.