Core Insights - SEA-LNG's preliminary analysis indicates that LNG dual-fuel vessels provide the best return on investment for shipowners compared to other alternative fuels under the IMO's net-zero emissions framework [1] - The analysis shows that LNG vessels benefit from fuel optionality and a mature global infrastructure, creating a competitive advantage for shipowners [1] - The IMO's net-zero emissions framework requires further data analysis, industry consultation, and coordination with existing EU reduction policies before formal approval later this year [1] Investment Analysis - The investment payback period for LNG dual-fuel vessels is significantly shorter than that for methanol, ammonia, or very low sulfur fuel oil (VLSFO), estimated at 4.5 to 5 years compared to longer periods for other fuels [2] - A case study of a 14,000 TEU container ship operating on the Rotterdam-Singapore route shows that LNG vessels can achieve a payback period of approximately 3.5 years due to early policy effects from FuelEU Maritime [2] Regulatory Framework - The IMO's net-zero framework aims to ensure a fair competitive environment for all fuel technology routes, including LNG, methanol, and ammonia, emphasizing the need for a fuel-neutral and technology-neutral policy framework [3] - SEA-LNG's leadership highlights ongoing significant investments in LNG pathways, which can utilize liquefied natural gas, biomethane, and electro-methane to reduce greenhouse gas emissions and local pollution [3]