'The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping said the industry will need investments of between $200bn and $300bn to produce enough new fuels to meet its 2030 checkpoint target as set out in the IMO updated strategy.
It will be, it said, far cheaper to invest in technology now to make existing vessels and newbuildings more efficient, than to use the new fuels — a ratio of 1:10 cheaper.'
Whilst there is little doubt that the future of decarbonising shipping lies in the development of greener fuels, what can vessel operators do to reduce their carbon emissions now?
Daniel Barcarolo, 'pointed to existing technologies and digital solutions that have begun to be used by some shipping companies, but not widely, including propeller boss cap fins, ducts, modern hull coatings and digital tools such as voyage performance and trim optimisation that have relatively low capital expenditure but can give significant fuel savings.'
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Vessel coatings again proves to be the 'low hanging fruit' for owners and charterers to reduce their emissions immediately, and Hempel Marine is leading the charge with Hempaguard X7.
Providing customers with significant efficiency gains and relatively low capital expenditure, allowing for a very attractive and short ROI.
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