Skip to main content

Navigating the future-fuel outlook for large merchant marine vessels

Presentation

Title: Navigating the future-fuel outlook for large merchant marine vessels
Affiliation:
MAN Energy Solutions
Publication Date:
Pages:
30
Fuels Group:
Ammonia, Methanol, Heavy Fuel Oil (HFO)
Fuel Blends Mentioned?
Yes
Feedstocks Group:
Unspecified Feedstock
Pathways Group:
Unspecified Pathway
Topics:
Markets and Forecasting, Policy, Strategy and Transition Pathways
Vessel Segment:
Ocean-going Vessels
Language:
English

Document Access

Website:
Document Source
Attachment:
Access File
Notice: This material may be protected by Copyright Law.

Citation

Cha, S. (2023). Navigating the future-fuel outlook for large merchant marine vessels [Presentation]
@conference{Cha-2023-4041,
author = {Cha, S},
title = {Navigating the future-fuel outlook for large merchant marine vessels},
year = {2023},
month = {may},
pages = {30},
url = {https://scijournals.onlinelibrary.wiley.com/doi/full/10.1002/bbb.2350?msockid=2c0dd930a6b265840602ccd5a79f6461},
keywords = {Unspecified Feedstock, Ammonia, Methanol, Heavy Fuel Oil (HFO), Unspecified Pathway, Markets and Forecasting, Policy, Strategy and Transition Pathways, Ocean-going Vessels},
}
Export Citation to BibTex
TY - CONF
TI - Navigating the future-fuel outlook for large merchant marine vessels
AU - Cha, S
AB - The presentation outlines the rapid transition of the global shipping sector toward cleaner fuels as the industry grows by an estimated 60% over the next three decades, driven by globalization and rising living standards but tempered by geopolitical and regional uncertainties. MAN Energy Solutions’ dual‑fuel engines are becoming central to this shift, with more than half of recent vessel orders and an expected 85% of two‑stroke newbuilds by 2030 adopting dual‑fuel capability across methane, methanol, ethane, LPG, and conventional fuels. Market trends show tankers and container ships dominating dual‑fuel adoption, while long‑term forecasts project a 2050 fuel mix increasingly led by ammonia, methanol, and methane as traditional fuel oil declines. Ammonia is highlighted as a major future marine fuel, with development focused on mitigating nitrous oxide emissions—an essential step for meeting tightening global decarbonization regulations.
DA - 2023/05//
PY - 2023
SP - 30
UR - https://scijournals.onlinelibrary.wiley.com/doi/full/10.1002/bbb.2350?msockid=2c0dd930a6b265840602ccd5a79f6461
LA - English
KW - Unspecified Feedstock
KW - Ammonia
KW - Methanol
KW - Heavy Fuel Oil (HFO)
KW - Unspecified Pathway
KW - Markets and Forecasting
KW - Policy, Strategy and Transition Pathways
KW - Ocean-going Vessels
ER -
Export Citation to RIS

Abstract

The presentation outlines the rapid transition of the global shipping sector toward cleaner fuels as the industry grows by an estimated 60% over the next three decades, driven by globalization and rising living standards but tempered by geopolitical and regional uncertainties. MAN Energy Solutions’ dual‑fuel engines are becoming central to this shift, with more than half of recent vessel orders and an expected 85% of two‑stroke newbuilds by 2030 adopting dual‑fuel capability across methane, methanol, ethane, LPG, and conventional fuels. Market trends show tankers and container ships dominating dual‑fuel adoption, while long‑term forecasts project a 2050 fuel mix increasingly led by ammonia, methanol, and methane as traditional fuel oil declines. Ammonia is highlighted as a major future marine fuel, with development focused on mitigating nitrous oxide emissions—an essential step for meeting tightening global decarbonization regulations.