I suggested LH2/electric as an alternative for nuclear power in large fast merchantmen. It also needs gas turbines with heat exchangers or, perhaps, fuel cells. This would save a lot of weight for the ship. How would you produce methanol, how would you use it?
I think sail power can play a large role in the future. After all the wind is free. But the wind was also free a century ago when sailing vessels were fast being replaced by ( larger ) steam powered vessels that compared with current ships were remarkably inefficient. To better the current diesel powered merchant fleet, even assuming that fuel will become much more expensive, will demand much more than modernized schooners.
Let's consider a statistic from Lloyd's list: the averaged speed of the merchant sailing vessels in European waters was in 1904 2.5 KTS or 4.6 km/h. I assume this means from port to port and doesn't take account of time waiting in port until the wind turns to allow a vessel to depart. It happened that ships accumulated near the Sont or Dover Straight, sometimes for weeks, until the wind allowed them to pass through. They then all made sail together, sometimes 300 to 400 vessels, and collisions were not uncommon. Next many were bound for the same ports and arrived there in a bunch, necessitating long waits before they could be unloaded and loaded again.
Conclusion: any sailing system must allow ships to sail much closer to the wind than is possible with classical sails. We need wing sails. And that is what I am working on.