Orders for methanol-fuelled ships increasing rapidly

According to Alphaliner, methanol boxship orders have grown more rapidly than LNG in the last six months, while carriers have all but ditched orders for conventional fuel oil tonnage with just 8% of orders by capacity so far this year going for the old fashioned bunker fuel. LNG and methanol dual-fuel tonnage now represent 40%

Study conducted on bunker costs for alternative fuels

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