Tag: supply

MONACO, July 07, 2025 (GLOBE NEWSWIRE) -- Exploring the potential of alternative fuels in the maritime sector. During the days of the 12th Monaco Energy Boat Challenge (1-5 July), at the Alternative Fuels Conference on Friday morning, different actors gathered together to discuss technology aspects, challenges, and advancements related to marine energy solutions based on alternative fuels, including hydrogen, methanol, and other innovative sources. Clean hydrogen is still the starting point when it comes to clean energy sources, but now it is time to investigate more to make the next step. As of now, the technology is ready, but it has to be accompanied by infrastructure, investments and supply chain. From an infrastructure point of view, the evolution could be the same as it occurred with oil in the past. “We are looking at the full value chain, a bit like if it was a pipeline. We only provide one piece of the puzzle, but it is a big one. The ecosystem is made of a vessel that will transport, for example, green ammonia from Australia to Korea to Japan in bulk format. Basically, we help owners thanks to our expertise in owning and leasing large floating units,” said Philippe Lavagna, product account manager at SBM Offshore. “We say we need a transition, and it takes time. Miracles don't happen overnight. That's why we are committed to provide clean solutions to the industry,” he added.