As the maritime industry strives to achieves ambition decarbonisation targets against the tightest of regulatory timelines can switching existing vessels to cleaner fuels buy time?
With thousands of large ships potentially still running on fossil fuels by 2050, retrofitting engines for new fuels could be crucial for shipping’s net-zero trajectory. But how ready is the technology and industry to carry out conversions?
In this podcast, Riviera Maritime Media's Executive Edwin Lampert, is joined by the lead authors of Lloyd's Register's new Engine Retrofit Report and other industry stakeholders to unpack the the demand for retrofitting, the uncertainties surrounding fuel availability and policy signals, and the potential role of retrofits in achieving net-zero shipping.
Tune in to hear:
- Why engine swaps emerge as a key climate measure despite limited LNG retrofit uptake
- What milestones place methanol close to conversion scalability while ammonia lags
- How customising kits to various engines and fuels aids flexibility but risks complexity
- Why enhancing shipyard skills and capacity emerges as a barrier for rapid transitions
- How charter premiums, carbon pricing and fuel costs shape investment appetites
- What ‘ready’ labels and proposed rating schemes indicate about modification efforts
- Why container and cruise vessels are seen as leading candidates for retrofits
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