Charting a greener future in maritime
28 November, 2024Over 120 methanol-powered ships are already sailing or in production, with numbers projected to soar to 500-1k by 2030
The maritime industry is racing towards a sustainable future with alternative fuels like methanol and ammonia taking center stage. Over 120 methanol-powered ships are already sailing or in production, with numbers projected to soar to 500-1k by 2030. Meanwhile, ammonia’s potential as a zero-carbon fuel is gaining momentum, with 100+ vessels expected by 2026 and up to 600 by the decade’s end.
Amidst this green wave, the Suez Canal is poised to lead. A strategic hub for global trade, it’s set to become a cornerstone for green fuel refueling, thanks to collaborations like Transmar, AD Ports Group, and Orascom Construction building a state-of-the-art green methanol storage, export, and bunkering facility.
Read more about these shifts here (pdf).