Alternative fuels like LNG, methanol, ammonia, and wind propulsion remain significant in the energy transition, with varying impacts on shipowners due to regulatory uncertainty, according to Jason Stefanatos of DNV Maritime.
Jason Stefanatos, the director of Global Decarbonization at DNV Maritime, emphasized that alternative fuels such as liquefied natural gas (LNG), methanol, and ammonia, along with wind propulsion, are still key players in the energy transition as of 2026. In a recent podcast, he noted that while these fuels are gaining traction, the lack of clarity regarding regulatory frameworks continues to complicate the decision-making processes for shipowners.
The postponement of key decisions regarding the International Maritime Organization's (IMO) Net-Zero framework has unevenly affected various shipping companies. Some firms, particularly those in the containership sector, find themselves motivated by commercial incentives and have continued to invest in decarbonization practices. In stark contrast, other companies have adopted a more cautious approach, choosing to wait for clearer regulatory guidelines before proceeding with significant investments in alternative fuels.
Looking ahead, the trajectory of maritime fuel orders through 2026 will significantly depend on the actions taken by the IMO, particularly during the upcoming Marine Environment Protection Committee (MEPC 84) meeting in April. The decisions made at this meeting are likely to clarify the pathway forward for the maritime industry regarding sustainable fuel options, shaping the future of shipping and its impact on global emissions.
