Dual-fuel fleet tops 500

More than 500 dual-fuel containerships and vehicle carriers are operating worldwide, with total investment in dual-fuel ships delivered and on order surpassing $200 billion, according to the latest World Shipping Council (WSC) Dual-Fuel Fleet Dashboard, released today.

The report shows 503 dual-fuel ships in use as of September, up more than 40% from 358 at the same time a year ago. Another 849 ships are on order, bringing the total delivered or on order to 1,352 ships, according to WSC.

Dual-fuel ships are designed to operate on either conventional marine fuels or alternative fuel types, including renewable and lower-emission fuels, helping to prepare the fleet for the transition to cleaner shipping.

The latest figures highlight companies’ efforts to make that transition despite a lack of regulatory guidance that industry watchers say would accelerate the move to cleaner fuels.

This story was originally published by Supply Chain Quarterly. Read the full story at Supply Chain Quarterly →