WinGD shows payback on retrofit pathways to net-zero in latest Fuel Economics Report
Retrofitting for alternative fuels could help ship operators reach net-zero emissions cost-effectively, but further policy support is needed to strengthen the business case and ensure maritime decarbonisation targets are met. That is the key finding from the latest Fuel Economics Report published by Swiss marine power company WinGD. While the engine technology to decarbonise existing ...
The latest Fuel Economics Report by Swiss marine power company WinGD highlights the potential of retrofitting ships with alternative fuels for achieving net-zero emissions. The study models the conversion of a 16,000 TEU container vessel to use alternative fuels via high-pressure dual-fuel engines for LNG, methanol, and ammonia.
The report indicates that while retrofit technology is increasingly viable, the commercial outcome depends more on fuel price, fuel GHG intensity, and regulatory signals. LNG offers the strongest and earliest financial return, while ammonia and bio-methanol provide deeper emissions reductions but require longer payback periods. The study concludes that without strong policy support, the most cost-effective options for retrofitting ships are unlikely to include fuels that contribute most to shipping's decarbonisation trajectory.
Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.