Demand for low greenhouse gas (GHG) methane is set to increase as LNG-capable vessels adapt to stricter emissions regulations. The future of low-GHG methane as a marine fuel relies on regulatory clarity and bridging supply gaps. Current infrastructure supports this transition, but cost disparities and regulatory challenges remain significant hurdles.
Maritime casualties have surged by 42% from 2018 to 2024, significantly outpacing the global fleet’s 10% growth. Machinery damage now accounts for 60% of incidents, with older vessels contributing heavily. DNV emphasizes that high freight rates and delayed scrapping of aging ships pose increased risks for seafarers and the environment.
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