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Order book shows methanol’s sure rise as a marine fuel

Onboard carbon capture and nuclear propulsion are also cost-competitive under some conditions, says DNV

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Wong Pei Ting

Wong Pei Ting

Published Mon, Sep 18, 2023 · 05:00 AM
    • Singapore completed its first ship-to-ship bunkering operation in July this year. Methanol can cut carbon dioxide emissions by up to 95 per cent when produced from renewable electricity.
    • Singapore completed its first ship-to-ship bunkering operation in July this year. Methanol can cut carbon dioxide emissions by up to 95 per cent when produced from renewable electricity. PHOTO: MPA

    IT COULD be a matter of months before methanol lodges its place as the world’s third-most used marine fuel, after liquefied natural gas (LNG) and conventional fuel oils, according to a new report. This is even as Singapore is still ironing out details for methanol to be bunkered safely here.

    Norwegian ship certifier DNV’s latest energy-transition outlook noted that the order book for ships capable of using methanol as fuel is 20 times the gross tonnage of methanol-fuelled ships currently in operation. 

    This will push the uptake of methanol to 8 per cent, from 0.05 per cent currently, once the ships are delivered.

    marine fuelsAlternative fuelsESG

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