>The shipping industry is responsible for three per cent of all global greenhouse gas emissions — an amount equivalent to what Germany emits every year. But across the globe, 99 per cent of shipping is currently powered by burning fossil fuels, such as bunker fuel and marine diesel. (As a replacement) Bio-methanol — which can be synthesized from any large biomass, such as crops — is a leading contender. "Bio-methanol is up and coming, and I think it's where we should go if we really want to go green," said Svensson. , which may be somewhat cheaper to produce than methanol, is another contender.

>"We need to [eliminate fossil fuel production] really quickly and that would knock out 40 per cent of shipping," said Sandford.