METHANOL-fuelled ships have surged ahead of LNG vessels in shipbuilding contracts for environmentally conscious propulsion, revealing a significant shift in the maritime industry’s green transition, reports BusinessKorea. South Korea’s shipbuilding prowess has driven this transformation, supported by China and Japan, sparking intense competition. Data from the Korea LNG Bunkering Industry Association and DNV illustrate this shift. Between January and July, 122 contracts were secured for...