Shipping Industry Navigates Future Fuel Choices: Methanol vs. Ammonia in Dual-Fuel Engines
The shipping industry is closely watching the shift towards dual-fuel engines in newbuildings, with methanol leading over ammonia in engine and regulatory development. Attention is now turning to retrofitting existing vessels, with companies like Maersk Halifax and Hapag-Lloyd opting for methanol. Ammonia’s carbon-free potential is also attracting interest, LNG remains the current market leader.