The marine fuels market outlook for 2023

We all know that the key for shipping’s decarbonisation is zero-carbon, clean fuels. However while we wait on these new sources of energy to materialise, it’s important to manage shipping’s green transition as the mounting pressure from regulators, charterers, institutions and consumers will not go away. Indeed, it’s essential to embrace the low-carbon options now to ensure we meet the International Maritime Organization’s targets.

From that perspective, biofuels and LNG are viable alternative fuels for the short-to-medium term.

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