
Enabling
as a marine fuel
The 2023 International Maritime Organization (IMO) GHG Strategy aims for shipping to reach net-zero emissions by 2050, with increasing adoption of low-/ zero-carbon fuels as a key lever.
Among the slate of promising future fuels are low-carbon variants of ammonia.
While ammonia’s important role in fertilizer production and industrial applications means that supply chains and infrastructure exist, deploying it as a marine fuel presents a distinct set of challenges. This new use case necessitates additional infrastructure, new supply chains, comprehensive safety standards, enhanced crew competency and operational guidelines for safe handling.
The increased frequency of handling that is expected when ammonia is used a marine fuel will require a higher level of attention to ensure safe operations due to its toxicity and corrosivity properties. Its use is further hampered by its lower volumetric energy density compared to conventional fossil fuels, requiring larger fuel storage capacity or more frequent refuelling. Regulations for handling ammonia as a marine fuel are still under development.
To help lower the adoption barriers of ammonia as a shipping fuel, we have already completed a safety study identifying the risks associated with piloting ammonia bunkering and planning ammonia transfer trials at anchorage in key ports. These trials aim to increase crew competence and stakeholder confidence, helping to ready the ecosystem for eventual ammonia bunkering.
Latest news and insights
Report
GCMD Impact Report 2025
16 April 2026
Report
Vessel-, location- and operations-specific safety assessments for a ship-to-ship ammonia transfer in Singapore’s port waters
15 January 2026
Announcements
Marine Professional – Pioneering ammonia transfers: Insights from a first-of-a-kind pilot
14 October 2025
Assuring the quality,
quantity and
emissions abatement
of drop-in green fuels
Biofuels are widely recognised by the maritime sector as an alternative fuel that can be deployed today to reduce GHG emissions because they are “drop-in“-ready, requiring minimal changes to engines, onboard fuel delivery systems and bunkering infrastructure.
Biofuels, though attractive, will likely see limited adoption due to scarcity of certain feedstocks, which drives up costs.
Blending biofuels with conventional fossil fuels offers a way to reduce emissions while keeping costs manageable.
However, there is currently no industry-wide assurance framework addressing concerns about the quantity, quality and GHG emissions abatement of biofuels on a well-to-wake basis. With IMO specifying guidelines on life cycle GHG intensity of marine fuels, the need for an end-to-end assurance framework becomes critical to safeguard their premium and value.
To increase user confidence and uptake of biofuels, we have established a framework to provide quality, quantity and abatement assurance for drop-in biofuels.
We are also assessing the suitability of crude algae oil (CAO), a third-generation biofuel, as a shipping fuel. CAO has the promising potential to also meet or exceed MEPC 80’s 65% GHG emissions reduction requirement for biofuels. And if proven viable, CAO can expand the range of existing biofuels today.
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Unlocking the
carbon
While shipowners are likely to meet their 2030 target by incorporating biofuels and LNG in their fuel mix and deploying a combination of technical and operational measures, meeting the 2040 and the net-zero 2050 targets will require significant uptake of zero-carbon fuels.
With zero-carbon fuel availability uncertain and cost premium high, shipowners are increasingly looking to Onboard Carbon Capture and Storage (OCCS)* as a key interim solution. Our 2023 Global Maritime Decarbonisation Survey revealed that 60% of respondents across all segments and fleet sizes see OCCS as important to achieving net-zero emissions.
But the adoption of OCCS faces many hurdles including high CAPEX for shipboard-compatible systems within limited space, OPEX owing to additional fuel needed to operate the energy-intensive system and justification on the amount of CO2 captured. Further adding to these challenges, guidelines for safe offloading and utilising captured CO2 currently do not exist.
To help close operational gaps, we have launched a pilot to demonstrate end-to-end OCCS at scale entailing a front-end engineering design (FEED) study of a OCCS system, along with a concurrent CO2 offloading study, working with various ports, to understand the challenges and opportunities of offloading captured CO2.
*Previously referred to as Shipboard Carbon Capture (SBCC) in our communications materials.
Latest news and insights
Report
GCMD Impact Report 2025
16 April 2026
Announcements
Life cycle assessment finds significant emissions savings potential across the onboard carbon capture value chain
6 January 2026
Report
Project CAPTURED Report Part 2: Quantifying the life cycle emissions of the onboard captured CO₂ value chain: From ship-to-ship offloading and transport to utilisation
6 January 2026
Scaling adoption of
energy
technologies
Improving energy efficiency is a fail-safe approach for managing energy costs. For shipping, where green fuels face hefty premiums, limited availability and lower energy densities than conventional fossil fuels, using less fuels of any kind becomes increasingly important to achieve IMO targets.
The Carbon Intensity Indicator (CII), with its increasingly stringent yearly targets, also encourages immediate action through energy efficiency measures.
Despite their proven benefits, implementation of energy efficient technologies (EETs) has been slow and patchy.
Two key hurdles stand in the way. First, the variable operating conditions of ships lead to data variability and uncertainty, making it difficult to assess the true impact of energy efficient technologies.
Second, shipowners bear the upfront costs of implementing these measures, while the fuel savings and economic benefits flow to charterers, creating a split incentive problem that discourages widespread adoption.
We are exploring through a series of pilots the potential effectiveness of a Pay-As-You-Save (PAYS) scheme, a financing model proven to be effective in other sectors.
PAYS leverages transparent data sharing, allowing stakeholders to verify fuel savings and attribute them to specific technologies. This link between performance and financing unlocks further investments, spurring adoption of EETs.
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