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Trends and Insights

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29 Dec 2023

First Methanol-Powered Ship Sails from Asia to Europe, Green Shipping Is Gaining Momentum

The Laura Maersk container [ship sailed from Singapore to Rotterdam]( on methanol fuel, emitting up to 65% fewer greenhouse gases. The green initiative follows the Clydebank Declaration, with countries like the UK committed to establishing green shipping corridors. Despite these efforts, only a fraction of ships run on or are ordered with alternative fuels, posing a challenge to shipbuilders and ports.