Banks prefer to invest in newbuilds despite uncertainty about future fuels

Banks prefer to finance newbuilds or retrofits, said several panelists at this year's digital Marine Money conference. LNG is particularly popular among shipowners, which currently prefer to hold back on new orders.

Archive photo. | Photo: Total PR

It remains uncertain what type of green fuel will ultimately become the solution to the shipping industry's challenge of lowering emissions.

The current dilemma has led several shipyard to report of hesitant shipowners that hold off on ordering new vessels while they await more certainty and, not least, clarity in terms of which fuel "wins" in the fight to be the fuel of the future.

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