Transforming Shipping

Transformation of the shipping industry is scaling of clean fuels | critical factors

Clean ammonia: scaling up the use of green hydrogen production, with smaller roles for blue hydrogen and alternative pathways like methane pyrolysis and biomass-based hydrogen.
Clean methanol: replace natural gas with a clean energy source such as green hydrogen or biomass; use synthetic CO2; capture process emissions.

Robust demand from shipping can de-risk business cases for green hydrogen production that can serve multiple industries.

Global burden of shipping fuels

Industry-endorsed strategy

In 2021, we developed a Shipping Transition Strategy in collaboration with a diverse set of industry leaders. This provides a shared vision for a clean shipping future, modelling of pathways, real economy milestones and the industry, policy and finance actions required to get there. Assumptions have not been updated since publication, but the STS still represents a quantitative reference point.

Sector Transition Strategy documents

Report | Making net-zero shipping possible

Industry-backed 1.5°C aligned transition strategy download

Global Project Tracker | latest in-depth data

Further reading | Shipping

Events

Reuters Events: Global Energy Forum 2026 | invitation

24 Jun 2026

Economic growth│energy transition│Event│USA

Reuters Events: Global Energy Forum 2026 brings together 600+ senior leaders from across energy, finance, technology and policy to address the decisions reshaping global energy markets.

Newsletter

Signal | Issue 33 | June 2026

08 Jun 2026

accelerate decarbonisation│clean industry pipeline│Global Project Tracker│investment│value chain

A rare bit of positive news in a turbulent year: clean industry investment is accelerating. Data from our newly-published Global Project Tracker update shows that 19 commercial-scale clean industrial projects reached final investment decision in the past six months – more than double the pace of a year ago.

Bright Spots

European Energy | Kassø

08 Jun 2026

e-methanol│Europe│Industrial decarbonisation│value chain

Kassø, in southern Denmark, is now home to one of the world’s first operational e-methanol facilities, producing 42,000 tonnes per year from a 304 MW solar park, a 52 MW electrolyser and biogenic CO₂ captured from a local biogas facility. It reached FID in January 2022 without operating subsidies and started operations in 2025.

More to Explore

Press Release

14 Nov 2024

Call to unlock demand for low-carbon products and accelerate industrial projects worth $1 trillion

14th November 2024 – Governments must urgently act to stimulate demand for low-and near zero-carbon materials, chemicals and fuels to accelerate

Bright Spots

05 Jan 2026

ATOME Villeta | Paraguay

ATOME is charting a new course for fertiliser production in Latin America. Its flagship Villeta Project in Paraguay will harness

Bright Spots

05 Jan 2026

China Hongqiao Group | China

With close to 6.5 Mtpa of primary smelting capacity, China Hongqiao Group is one of the world’s largest aluminium producers.

Bright Spots

05 Jan 2026

ITOCHU Ammonia Bunkering Initiative | Singapore

In choosing Singapore for its ammonia bunkering initiative, ITOCHU is linking the world’s busiest port with one of shipping’s most