It is estimated that by 2030, using alternative fuels in container shipping will almost be as economical as using heavy fuel oil (HFO). In 2030, operating an HFO-fueled container ship and a corresponding bunkering location in the Middle East is expected to cost about 26 million U.S. dollars a year. Switching to LNG - a low-carbon alternative fuel - will cost the same amount of money, while replacing HFO with ammonia - a zero-carbon alternative fuel - will come at a price of about 33 million U.S. dollars a year.
Annual price for operating a container ship and a bunkering location in the Middle East in 2030, by fuel type (in million U.S. dollars per year)
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Other statistics that may interest you Green maritime shipping worldwide
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- Premium Statistic Global energy consumption by shipping 2019-2070, by fuel type
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- Premium Statistic Breakdown of GHG emissions in the shipping sector worldwide 2018, by emission type
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Technology
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- Premium Statistic Expected investments in ship upgrades due to emission regulations 2021
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- Premium Statistic Moeller-Maersk's energy consumption by source 2017-2022
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- Alternative fuel ships in operation worldwide by vessel and fuel type 2019
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Statistics
- Alternative fuel ships in operation worldwide by vessel and fuel type 2019
- Number of oil tankers used in water transportation in Japan in 2012-2021
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- Number of liquefied gas tankers used in water transportation in Japan in 2012-2021
- Number of container ships used in freight transportation in Japan in 2012-2021
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- Number of national flag vessels in Japan 2012-2021
- Projected size of the global ballast water treatment systems market 2019-2027
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McKinsey & Company. (February 28, 2021). Annual price for operating a container ship and a bunkering location in the Middle East in 2030, by fuel type (in million U.S. dollars per year) [Graph]. In Statista. Retrieved June 01, 2024, from https://www.statista.com/statistics/1267782/costs-of-using-different-types-of-alternative-fuels-for-container-ship/
McKinsey & Company. "Annual price for operating a container ship and a bunkering location in the Middle East in 2030, by fuel type (in million U.S. dollars per year)." Chart. February 28, 2021. Statista. Accessed June 01, 2024. https://www.statista.com/statistics/1267782/costs-of-using-different-types-of-alternative-fuels-for-container-ship/
McKinsey & Company. (2021). Annual price for operating a container ship and a bunkering location in the Middle East in 2030, by fuel type (in million U.S. dollars per year). Statista. Statista Inc.. Accessed: June 01, 2024. https://www.statista.com/statistics/1267782/costs-of-using-different-types-of-alternative-fuels-for-container-ship/
McKinsey & Company. "Annual Price for Operating a Container Ship and a Bunkering Location in The Middle East in 2030, by Fuel Type (in Million U.S. Dollars per Year)." Statista, Statista Inc., 28 Feb 2021, https://www.statista.com/statistics/1267782/costs-of-using-different-types-of-alternative-fuels-for-container-ship/
McKinsey & Company, Annual price for operating a container ship and a bunkering location in the Middle East in 2030, by fuel type (in million U.S. dollars per year) Statista, https://www.statista.com/statistics/1267782/costs-of-using-different-types-of-alternative-fuels-for-container-ship/ (last visited June 01, 2024)
Annual price for operating a container ship and a bunkering location in the Middle East in 2030, by fuel type (in million U.S. dollars per year) [Graph], McKinsey & Company, February 28, 2021. [Online]. Available: https://www.statista.com/statistics/1267782/costs-of-using-different-types-of-alternative-fuels-for-container-ship/