Singapore forcecast methanol bunkering demand to exceed 1 million tonnes by 2030 and received a strong response to an expression of interest (EOI) to supply the fuel.
Svitzer and MAN Energy Solutions have agreed to cooperate on the development of a dual fuel methanol engine for tugs under a new memorandum of understanding.
Analysis by technology group, Wärtsilä, has concluded that new fuel regulations in Europe could result in price parity between conventional and sustainable marine fuels by 2035, creating a proven strategy for global shipping’s energy transition.