ClassNK has updated its report ‘ClassNK Alternative Fuels Insight’ initially released in May 2024, to Version 2.0, to include the latest information on alternative fuel ships, including orders and deliveries, demand outlook, and cost simulations for ammonia-fuelled ships.
Given the wide range of alternative fuels available for ships, ClassNK considers it necessary to understand not only technical evaluations but also trends including cost and supply availability to make appropriate fuel selections. ClassNK Alternative Fuels Insight provides latest trends for each alternative fuel.
In the newly released Version 2.0, information on the demand for alternative fuels, which is estimated by ClassNK based on information on alternative fuel ships scheduled for delivery, and cost simulations for ammonia-fuelled ships that are expected to be ordered more frequently in the future have been added. In addition, the report provides information on the trend of green methane production projects that are expected to be used in LNG fuelled ships, the GHG emissions assessment of biofuels as an effective GHG reduction measure for conventional fuel ships, and ClassNK’s support for onboard CCS system, which is expected to be more widely adopted in the future. The report provides information on the rating results of CII in force from 2023 for ships verified by ClassNK, including results by ship type and size.
The ClassNK Alternative Fuels Insight is planned for continuous updates according to the latest trends of alternative fuels and regulations in international shipping. As part of its transition support services, ClassNK will continue to provide information to support its customers’ smooth transition to zero-emission.
ClassNK Alternative Fuels Insight is available for download here.
