The document discusses fuel prices for ships and how they are affected by various market factors that are difficult to predict. It provides data showing that currently, LPG and methanol have the lowest fuel prices per unit of energy. The document also presents a qualitative forecast of possible fuel price ranges by the year 2050 for ship fuels, with renewable fuels expected to decrease in price relative to fossil fuels as technologies mature.
The document discusses fuel prices for ships and how they are affected by various market factors that are difficult to predict. It provides data showing that currently, LPG and methanol have the lowest fuel prices per unit of energy. The document also presents a qualitative forecast of possible fuel price ranges by the year 2050 for ship fuels, with renewable fuels expected to decrease in price relative to fossil fuels as technologies mature.
The document discusses fuel prices for ships and how they are affected by various market factors that are difficult to predict. It provides data showing that currently, LPG and methanol have the lowest fuel prices per unit of energy. The document also presents a qualitative forecast of possible fuel price ranges by the year 2050 for ship fuels, with renewable fuels expected to decrease in price relative to fossil fuels as technologies mature.
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