The maritime industry is moving closer to a smooth transition to zero-carbon fuels, according to the latest Zero Carbon Fuel Monitor (ZCFM) report from Lloyd’s Register’s (LR) Maritime Decarbonization Hub. The report reveals notable improvements in fuel technology over the past year, with a surge in commercial trials aimed at boosting investment readiness. In spite of a plethora of fuels seeing developments boost their chances of absorbing significant portions of the market, only some will be able to maintain the momentum. The report points out that ammonia has seen significant technological progress, with 31 ammonia-capable and over 400 ammonia-ready vessels either in operation or on order, mostly in gas and bulk carriers. A key development came in April 2024 when…