HFO set to remain dominant marine fuel

MARCH 13, 2014 — Research from Lloyd’s Register and University College London’s Energy Institute on the future energy mix in shipping indicates that, by 2030, in all scenarios heavy fuel oil remains the main fuel for deep sea shipping.

LNG will develop a deep sea bunker market share of 11% and low sulfur heavy fuel oil and hydrogen emerge as alternatives in certain scenarios

Under the most optimistic scenario for a more sustainable world, global greenhouse gas emissions from shipping decline from 2025 despite significant growth in shipping – requiring a reduction in fossil fuel dependency and the start of a transition to a zero carbon fuel such as hydrogen

Global Marine Fuel Trends 2030, released this week by Lloyd’s Register, provides insight into future fuel demand for the containership, bulk carrier/general cargo and tanker sectors – accounting for some 70% of the global shipping industry’s fuel demands.

Download the study HERE