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MARITIME Indian coastal green shipping programme


160329/2023/ENGG - DGS

Fuel prices affected by several variables, including market circumstanc-


The engine technology investment is typically not the key es, which are dif�cult or impossible to forecast. Figure 6.4
component of the business case. The most important as- shows the current prices of fuels, with LPG and methanol
pect is frequently the fuel cost during the ship's lifetime or having the lowest price per MMBtu.
the anticipated rate of return on investment. The fuel cost is

FIGURE 6.4

Fuel Price Statistics


Source: DNV AFI

FIGURE 6.5

Qualitative price range of possible ship fuels by 2050


Source: DNV 2022 Maritime Forecast to 2050

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