The shipping industry’s fuel choices on the path to net zero
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Shipping companies—encouraged by regulation, customer demand, investor pressure, and internal goals—are searching for ways to decarbonize their fleets. More than 95 percent of ships today are powered by internal-combustion engines (ICEs) that run on various petroleum products, such as heavy fuel oil (HFO), marine gas oil (MGO), and marine diesel oil (MDO).1 Any comprehensive effort to reduce emissions will require finding greener fuel to propel vessels across the water.
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