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PROSPECTS AND DIFFICULTIES FOR THE TRANSPACIFIC "GREEN CORRIDOR"
DETAIL INFORMATION
A recent research clearly outlines the advantages and obstacles facing the programme one year after the ports of Singapore, Los Angeles, and Long Beach agreed to establishing a green corridor along the Pacific's main containerized-freight corridors.
The American Bureau of Shipping commissioned the study, which was carried out by the global intercity partnership C40 and the three partner ports. It concluded that the availability, cost, and well-to-wake (WtW) emission factors of alternative clean fuels, specifically methanol and ammonia, are critical to the success of the green and digital shipping corridor (GDSC) initiative.
Fuel oil demand will gradually decline as the corridor decarbonises to achieve the International Maritime Organization's (IMO) net zero standards, while LNG demand is expected to stay mostly steady from 2025 to 2050. About 60% of the current order book for containerships is made up of newbuild orders for dual-fuel engines.
Although methanol and ammonia are anticipated to be crucial, the study demonstrates that uncertainties may affect the supply of these alternative fuels and prevent their widespread use.