Hanwha: Why are hydrogen & ammonia relevant to shipping now?
Decarbonizing shipping remains challenging, as ships are long-lived capital-intensive assets subject to strict safety regulations, making fuel transitions complex and high-risk, Hanwha Group highlighted in a recent article.
As explained, momentum in alternative fuels however is growing. Fuels like hydrogen and ammonia, already used in other sectors, are starting to gain ground in maritime transport.
#1 Why are alternative fuels like hydrogen and ammonia relevant to shipping now?
The International Maritime Organization has set ambitious decarbonization targets: a 20% reduction in greenhouse gas emissions by 2030, 70% by 2040, and net-zero by 2050 — all relative to 2008 levels.
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