Euronav claims hydrogen and/or ammonia will lead the green fuel transition, but  we don’t know when it’s going to be ready and available,” he added.

The International Energy Agency claims ammonia and hydrogen biofuels will meet more than 80% of shipping fuel needs by 2070, using around 13% of the world’s hydrogen production, with ammonia the outright leader. 

However, alternative fuels are likely to be only one of a range of carbon reduction strategies employed by major shippers, with the others being improved fuel burn efficiency rates (most famously slow steaming, but also direct carbon capture, biofuels, batteries, fuel-efficient lubricants, and LNG bunkering), as claimed by officials from Platts Analytics. For additional details, please visit the link below: