IMO: Study Identifies A Phased Pathway For India To Develop A Competitive Regional Alternative Marine Fuel Hub
India has the potential to become a competitive regional hub for alternative marine fuels, according to the Study on Potential Demand and Pricing of Alternative Marine Fuels in India. Initiated by India’s Directorate General of Maritime Administration (DGMA) and the Ministry of Ports, Shipping and Waterways (MoPSW), and supported through IMO’s GreenVoyage2050 Programme, the study ...
The IMO's Study on Potential Demand and Pricing of Alternative Marine Fuels in India identifies a phased pathway for India to develop a competitive regional alternative marine fuel hub. Key findings suggest that competitiveness, rather than geography alone, will determine where ships choose to bunker in the future. Factors such as delivered fuel costs, operational efficiency, reliability, and port charges are likely to be decisive.
India has the potential to compete regionally across all major alternative fuel pathways, with demand expected to first support biofuels and methanol, followed by ammonia as supply chains, infrastructure, and safety frameworks mature. The study recommends a three-phase pathway, with initial efforts at strategic ports like Mundra, JNPT, Chennai, and Tuticorin, and a focus on methanol as the most suitable starting fuel.
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