Skip to content

Shipping’s Future Fuels Could Prove a Lucrative Bet

  • Consultancy sees ammonia, methanol among sources replacing oil
  • Shipping sector backs net-zero carbon emissions by 2050
Container Shipping Operations At the Port Of Hamburg
Photographer: Alex Kraus/Bloomberg

The race to wean shipping off oil and switch to cleaner fuels should prove lucrative for investors and is drawing interest from fund managers, according to Boston Consulting Group.

Hitting climate targets means shipping has to start using clean marine fuels such as ammonia, methanol and biofuel, the U.S.-based consultancy said. It’s a big transition and requires major spending, creating investment opportunities in, for example, companies that will make the alternative fuels, or into the new infrastructure needed at ports.