Ship owners are increasingly favoring methanol as an alternative fuel type

In the month of July, the majority of ship owners who ordered newbuildings with alternative fuels chose methanol, as reported by the classification society DNV. According to their monthly report, 62 ships were ordered with alternative fuels. Meanwhile, the SEA-LNG coalition has shared an analysis of the green LNG bunkering market, revealing that BIO-LNG is gaining ground. This biofuel is available today in nearly 70 ports worldwide, including major locations such as Singapore, Rotterdam, and the US East Coast.