Survey finds two-thirds of owners don’t have a decarbonisation strategy in place

A survey by classification society ABS shows that the majority of owners currently have no decarbonisation strategy in place.

The survey of shipowners and operators registering for the ABS webinar, Pathways to Sustainable Shipping, revealed that nearly 60% of the respondents viewed hydrogen and ammonia as the most attractive fuel choices in the long term, and 70% of them selected LNG as a short-term solution.

In the meantime, nearly two-thirds of owners in the survey said they currently don’t have a decarbonisation strategy.

“As shipowners and operators look to improve their environmental ratings to both maintain and attract potential charters, they face complex decisions on how best to identify, report and reduce GHG emissions,” said Lefteris Karaminas, global sustainability manager of ABS.

“A key takeaway from the webinar is that owners taking advantage of accelerated GHG rating improvement options like the non-permanent Engine Power Limitation (EPL) are finding the benefits only temporary, as other vessels in the peer group take on improvements or new more efficient vessels enter the peer group. It will be necessary to consider alternative options, including combinations, in order to remain competitive and increase their ratings in the long term,” Karaminas added.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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