The maritime industry has witnessed the resurgence of engine retrofits to LNG marine fuel in 2024 as shipowners’ short-term solution for immediate carbon reductions amid strengthening regulatory requirements, Lloyd’s Register (LR) found in its latest Engine Retrofit Report. However, the observed progress in the industry’s ability to deliver ship engine retrofits for alternative fuels is threatened by the lack of strong incentives for fuel producers, LR pointed out.

LR’s new report on ship engine retrofits highlights both progress and persistent challenges in equipping existing vessels to meet ambitious emissions reduction targets.