IMO: Study Identifies A Phased Pathway For India To Develop A Competitive Regional Alternative Marine Fuel Hub

India has the potential to become a competitive regional hub for alternative marine fuels, according to the Study on Potential Demand and Pricing of Alternative Marine Fuels in India.

Initiated by India’s Directorate General of Maritime Administration (DGMA) and the Ministry of Ports, Shipping and Waterways (MoPSW), and supported through IMO’s GreenVoyage2050 Programme, the study examines future demand for alternative marine fuels, fuel pricing and the practical steps needed to strengthen India’s competitiveness in the emerging alternative marine fuel market.

Competitiveness will drive future bunkering decisions One of the study’s key findings is that competitiveness, rather than geography alone, will determine where ships choose to bunker in the future. Factors such as delivered fuel costs, operational efficiency, reliability and port charges are likely to be decisive.

The analysis indicates that India could compete regionally across all major alternative fuel pathways, with demand of biofuels and methanol expected to support earlier uptake, followed by ammonia as supply chains, infrastructure and safety frameworks mature. Realizing this potential will depend on the country’s ability to provide an attractive overall bunkering proposition, supported by efficient port operations, clear regulatory procedures, reliable fuel supplies and predictable costs.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →