SIMIC

It's anticipated that 90 per cent of the new Pure Car and Truck Carriers (PCTC) that will enter the market in the coming years will be LNG dual fuel.

"The deep-sea shipping industry understands that while LNG may not be the end game, it is the best starting point to get to net zero. It provides a very clear and achievable plan. We know the need is real and waiting is no longer an option," said SEA-LNG chairman Peter Keller.

"Recognition for this plan and the pathway forward is continually growing - borne out by the data from both Clarksons and DNV. And the acceleration in uptake of newbuilds fuelled by LNG demonstrates confidence in this pathway through its bio and synthetic cousins," said Mr Keller.

"The advantage of LNG is that both bio-LNG and synthetic LNG are 'drop-in' fuels. There are no compatibility issues, and any ratio combination of bio-LNG, synthetic, and 'conventional' LNG can therefore be used to fuel a large proportion of the deep-sea merchant fleet. It has the potential to scale incrementally in line with the growing availability of biomass and renewable energy, while delivering significant GHG reductions, starting now."