The adoption of low carbon or carbon-neutral fuels is essential to meeting the IMO's emissions reduction targets. The main new fuels on the green horizon are: LNG, LPG, bio diesel, methanol, ammonia, hydrogen, fuel cell and batteries. Each has its own pros and cons.
The transition to any new fuel requires a review of contractual provisions and the potential for dispute, both in relation to supply contracts and charterparties. We shall consider these further as matters develop.