The move towards retrofitting existing vessels to run on green methanol is going to cause a change in the way shipowners do business.

This is according to shipbroker Alex Karydis, director of chartering and sale and purchase at Germany’s Hanse Bereederung, who forecasts a “paradigm shift” from spot deals to term charters.

He sees the surge in methanol-capable newbuilding orders as a clear indication of the maritime industry's eagerness to embrace this fuel alternative.