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Britannia: Navigating methanol as an alternative marine fuel

According to Britannia Club, as the maritime industry faces the urgent challenge of decarbonisation and strives to achieve net-zero emissions, alternative fuels like methanol are emerging as key players in this transformative journey. Decarbonising shipping is not only an environmental imperative but an emerging area of innovation, reflecting the industry’s shift towards alternative fuels. Liquefied natural gas (LNG) is currently taking the lead as a transitional fuel; however, several potential zero-emission fuels such as methanol and hydrogen are also on the rise. It is uncertain which fuel will be the preferred choice of the future, and it is likely that a variety of alternative fuels will be required to meet future demand. As part of their decision making, shipowners need to perform due diligence which includes a thorough risk identification and assessment when choosing an alternative fuel. As part of this assessment, several stakeholders will need to be consulted, for example the engine maker, fuel supplier, classification society, hull & machinery insurers and the ship’s flag state. Considerations that should be taken into account include: 1. SUITABILITY AND IMPACT ON THE ONBOARD ENGINES: The engine maker should be consulted to determine whether the onboard engines are suitable for consuming the ...

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