The joint study conducted by German consultancies OCEANS ONE and GMW finds that bunker costs for alternative fuels will be significantly higher with biofuels. The consultancies penned a detailed report on expected bunker costs for the largest boxships afloat, the 24,000 teu so called megamaxes.
The study predicted that the costs world be four times higher than in the past.
The study has since been analysed by liner experts at Alphaliner who warn of the significantly elevated fuel bills shipping will face once alternative forms of energy are adopted.
Alphaliner argued investment costs will no longer be as important as the availability and prices of the appropriate fuel.
Tags: Alphaliner, Alternative Fuels, Energy, GMW, OCEANS ONE
Recent Posts
SANY launches India’s first locally made hybrid mining dump truck
IMO issues interim guidelines for ammonia-fuelled ships’ safety
India’s second green hydrogen auction awards $258m to 9 companies
Indian OMCs launch new biodiesel tender for FY 2025-26
India’s first hydrogen train set for launch by March 31
India approves legislation to boost oil and gas exploration
HIF Global leads the way with first US e-Fuels route clearance
Baltic Exchange introduces biofuel blends in latest expansion of its emissions calculator