Methanol has a high energy density compared to other sustainable fuels, and its liquid state means it's easy to store and makes use of existing infrastructure. Unlike ammonia, methanol is environmentally safe, and its combustion can be shown to be climate neutral.
Methanol can also be used not just in diesel and spark-ignition combustion engines, but in conjunction with zero-emission fuel cells. This is an especially attractive proposition aboard ships where space is a premium commodity or not available at all.