A report published by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) revealed that converting tankers to green fuels like methanol or ammonia is technically and economically feasible. Rethink believes that this will be a preferred option for many ship operators, but it depends on the age of the fleet in question. The study emphasizes the importance of careful fleet transition planning and considers factors such as vessel age and alternative fuel availability. It explores whether it’s more advantageous to build new vessels ready to operate immediately on these fuels or to retrofit existing vessels later. For long range (LR2) tankers, the retrofit costs 14-27% of what a newbuilt would be when talking about methanol and 25-42% in…