Ed Buttery has praised Compagnie Maritime Belge (CMB) chief executive Alexander Saverys for his work on future fuels for bigger bulkers.

But the Taylor Maritime Investments (TMI) CEO said the industry remains a decade away from having a viable solution in terms of handysizes and ultramaxes.

CMB has been ordering ammonia-capable newcastlemaxes in China as part of its overall focus on alternative bunker sources.