ClassNK updates report with demand outlook of alternative bunker fuels

Classification society ClassNK on Wednesday (4 September) on Wednesday (4 September) said it has updated its report, ClassNK Alternative Fuels Insight initially, which was initially released in May.

The update includes the latest information on alternative fuel ships, including orders and deliveries, demand outlook, and cost simulations for ammonia-fuelled ships, which is expected to be ordered more frequently in future. It supports customers’ future fuel options and investments.

“Given the wide range of alternative fuels available for ships, it is necessary to consider not only technical evaluations but also to understand trends including cost and supply availability to make appropriate fuel selections. ClassNK Alternative Fuels Insight provides the latest trends for each alternative fuel,” ClassNK said on its website. 

In addition, the report provides information on the trend of green methane production projects that are expected to be used in LNG-fuelled ships, the GHG emissions assessment of biofuels as an effective GHG reduction measure for conventional fuel ships, and our support for onboard CCS system, which is expected to be more widely adopted in the future. 

The report also provides information on the rating results of CII in force from 2023 for ships verified by ClassNK, including results by ship type and size.

The ClassNK Alternative Fuels Insight is planned for continuous updates according to the latest trends of alternative fuels and regulations in international shipping.

Note: ClassNK Alternative Fuels Insight (Version 2.0) is available here.

Photo credit: ClassNK
Published: 5 September, 2024