Lloyd’s Register (LR) has issued an update to its Retrofit Research Programme, with the latest report focusing on the developments in Engine retrofits for alternative fuels.
While the maritime industry has seen positive developments, such as increased methanol fuel conversions and shipyard engine retrofits capabilities since 2023, the adoption of alternative fuels faces a significant hurdle.
Regulatory pressures, such as the EU’s FuelEU Maritime and Emissions Trading System (ETS), are in place, yet the lack of robust incentives for fuel producers is slowing down the demand and overall transition. This disparity is creating a gap between regulatory push and market pull.
The latest report leverages our in-depth data collected over the past year, highlighting the advancements, emerging trends, and current status of this rapidly evolving technology, which the shipping industry is actively exploring to decarbonise the existing fleet.
Request a copy of the report at: https://bit.ly/3FEMTll.