Chan Ye Xin Xi Wang·2025-09-19 01:17Core Viewpoint - The development of green ships is crucial for reducing emissions in the shipping industry, which is a significant source of global carbon emissions. The shift towards alternative fuel vessels is becoming a central consideration for shipowners in new ship investments due to carbon neutrality pressures and environmental regulations [1][4][5]. Group 1: Overview of Green Ship Industry Development - Green ships are defined as those that utilize advanced technologies to safely meet their intended functions while improving energy efficiency, reducing greenhouse gas emissions, and minimizing harm to human health and the environment [1][2]. - The classification of green ships includes three levels of environmental performance: Green Ship-1, Green Ship-2, and Green Ship-3, based on energy efficiency, environmental protection, clean energy application, comfort, and harmful substance control [2]. Group 2: Background of Green Ship Industry Development - The shipping industry is responsible for over 90% of international trade and is a major contributor to global carbon emissions, with container shipping emissions projected to increase significantly in 2024 [4][5]. - International regulations are becoming stricter, with the International Maritime Organization (IMO) setting ambitious targets for reducing greenhouse gas emissions from shipping by 2030 and 2040 [4][5]. Group 3: Current Status of Green Ship Industry - In 2024, a total of 2,412 new ship orders amounting to 124 million gross tons were placed globally, with 820 of those being alternative fuel vessels [1][7]. - The investment in new ships is substantial, with alternative fuel ship orders valued at $10.79 billion in 2024, marking a 67% increase year-on-year [7]. - As of July 2025, there are 2,453 operational alternative fuel vessels globally, with significant increases in LNG, methanol, LPG, and battery/hybrid-powered ships [8][9]. Group 4: Future Development Outlook of Green Ship Industry - The trend towards green and low-carbon shipping is expected to continue, with advancements in technology focusing on optimizing ship design, low-carbon fuels, and green operational practices [10]. - China is emerging as a key player in the green ship market, with significant orders for alternative fuel vessels and a strong competitive position in LNG and methanol dual-fuel ships [9][10]. - Future developments will likely include broader applications of LNG, methanol, hydrogen, and ammonia as zero-carbon fuels, alongside the establishment of efficient digital operation systems and a complete supply chain for green ships [10].