Ship owners are ordering new vessels equipped with methanol-burning capabilities, largely in response to tightening carbon emissions regulations in Europe. But despite the greenhouse gas (GHG) emissions savings that low-carbon methanol provides, it cannot currently compete on price with grey methanol or conventional marine fuels.
The premium for US Gulf coast (USGC) very low-sulphur fuel oil (VLSFO) to LNG is expected to linger but not widen this spring, maintaining interest in LNG as a bunkering fuel.
The government of Denmark will ban the use of open loop marine scrubbers starting on 1 June 2025 and closed loop scrubbers starting on 1 July 2029 in its territorial waters, 12 nautical miles off its coast.