Today’s engine choices could shape shipping’s fuel mix through 2050
Engine decisions made by shipowners over the next decade could lock in much of the fleet’s fuel-consuming capacity through 2050, but whether those vessels actually use alternative fuels will ultimately depend on economics and regulation, according to a new analysis by the Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG).
The report, Navigating the maritime fuel transition: How fuel economics, regulations, and fleet decisions shape the future bunkering landscape, puts a long-term spotlight on decisions being made in shipyards today. With vessels typically staying in service for 25–30 years and only around 4% of the global fleet
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