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                                      LNG engine                 Figure 6
                                      24%                        Weighted-average distribution of participants’ answers to
                                                                 the question: “In which of the following options would you
                                                                 invest to improve the energy efficiency of a newly built?"


















                                                                 Ammonia engine   Vessel energy efficiency: The most
                                                                 3%               promising solutions
                                                                                  Various suggested solutions are being
                                                                                  considered for the future of ship pro-
                                                                                  pulsion, with attention usually being
                                                                                  on  fuel and,  subsequently,  on  the
                                                                                  engine capable of utilising it.
                                                                                  In a relevant question, where partici-
                                                                                  pants could select up to four answers,
                                                                                  the respondents expressed their opin-
                                                                                  ion on which technology we should
                                                                                  invest in to enhance the energy effi-
                                                                                  ciency of newbuildings.
                                                                                  The available options included: LNG
                                                                                  engines, ammonia engines, metha-
                                                    Methanol engine               nol engines, CO  capture and storage
                                                    14%                           systems, as well as options for “none
                                                                                              2
                                                                                  of the proposed options” and “other”.
                                                                                  Based on the responses’ weighted
                                                                                  average, the most popular one was
                                                                                  “none of the proposed options”. 35%
                                                                                  of the participants believe that none of
                                                                                  the aforementioned alternatives con-
                                                                                  stitutes the best step forward, which is
                                                                                  indicative of the industry’s uncertainty
                                                                                  in the run-up to the green transition.
                                                                                  24% of the participants believe in the
            None of                                                               potential of CO  capture systems and
                                                                                              2
            the proposed                                                          24% see promise in LNG as fuel. Of
            options                                                               course, LNG is already used to a sig-
            35%                                                                   nificant degree and there are many
                                                                                  LNG-fuelled vessels in the orderbook.
                                                                                  However, it must be noted that cer-
                                                                                  tain analysts and market sources con-
                                                                                  sider it a transitional fuel due to its
                         CO  Capture                                              particularly high methane emissions.
                            2
                         Systems                                                  14% of the respondents would choose
                         24%                                                      to invest in methanol engines and 3%
                                                                                  in ammonia engines.



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