This case study analyzes 10 marine fuels using an HFO-equivalent model to determine their full lifecycle costs, including fuel prices and regulatory compliance costs, from 2025 to 2050. The results highlight a critical tipping point in 2040, driven by the FuelEU Maritime regulation increasing carbon intensity reduction targets sharply from 14.5% to 31%. This blog provides shipowners with guidance on how to navigate these evolving cost scenarios and maintain competitiveness to ensure future-proof investments.

This case study calculates and compares EU ETS and FuelEU compliance costs for three major shipping companies: CMA CGM, Hapag-Lloyd and COSCO. From 2025 until 2050, these three companies will pay a total compliance cost of $54B (CMA CGM), $25B (Hapag-Lloyd) and $32B (COSCO).

This case study calculates and compares the compliance costs with regards to EU ETS and FuelEU for VLSFO, bio-methanol and e-ammonia. Results show that the averaged compliance costs for VLSFO between 2025 and 2050 are $966 per mT.

Metasorbex™ is a startup in the chemical industry that offers technology to produce carbon-neutral and cost-effective methanol. Existing feedstocks or even waste streams from hydrogen industry can be used. Current cost for one metric ton of methanol in US is $400 to $500. Metasorbex’s technology could provide not only a carbon-neutral, but cheaper form of methanol. Maritime industry - in particular in EU - is most interesting due to incentives and penalties on CO2.

This is a case study of a trailing hopper suction dredger with 14MW installed power - the ‘Happy Hopper’ - which is converted to methanol combustion. This case study is inspired by the amazing work done by Van Oord. With the given assumptions on emission factors for methanol, 93% CO2 reduction is achieved. CAPEX for a methanol refit of this size is approximately €6M+, of which roughly €5M is intended for engine refit only. OPEX will be greatly increased unless methanol price is below €500 per mT.

This video showcases a fuel switchover of an engine from regular diesel fuel to methanol by Arenared.

This blog is a state of the use of methanol as marine fuel as “quick” reference for shipowners. Key points include costs for retrofitting the ship and engine, range between € 250-€650 per kW, elaboration on IGF code for low flashpoint fuels and technical considerations for conversion and working with methanol. Availability for methanol is good, but bunkering for large vessels mostly non-existent. Methanol price per kilogram is historically lower than regular MGO.

Learn about methanol, the simplest alcohol in the universe which has the highest hydrogen to carbon ratio of any liquid fuel under ambient atmospheric conditions. It can reduce SOx emission by 99%, NOx by 60% and PM by 95%.

This thesis by J.M. Rozendaal at van Oord focuses on the technical, environmental and economic impact of a methanol hybrid power plant design for new-build offshore working vessels. Its conclusion is that a methanol solution has a CO2 reduction potential up to 99% and a CO2 price of 78 euro per ton CO2 reduction.