Page 95 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΜΑΙΟΣ 2023

Special report sponsored by

which can be achieved through mea- the impacts of stranded assets due to
sures such as slow steaming, hull and their limited financial resources and
propeller optimisation, and adopt- inability to diversify investments.
ing alternative fuels like ammonia or
hydrogen. However, bulk carrier routes’ Understanding the differences between
long-haul nature and high fuel con- large and small companies can help
sumption may pose challenges in find- policymakers and industry stakehold-
ing cost-effective and readily available ers develop targeted strategies to sup-
low-carbon alternatives. The specific port the shipping industry’s transition
cargo characteristics of tankers, such towards decarbonisation. CO₂ capture
as the need for heating or cooling, may seems to be favourable in the short
necessitate additional considerations term, as it adopts a business-as-usual
in decarbonisation strategies. The use approach that is solved using existing
of LNG as a transition fuel may be more technical and financial tools. However,
feasible for tankers than for bulk car- lifecycle emissions of carbon capture
riers, given its compatibility with their technology, including the emissions
cargo and infrastructure requirements. generated during the production, trans-
portation, and disposal of the systems,
Stranded assets pose challenges for must be considered when evaluating its
both large and small shipping com- overall environmental impact.
panies, albeit in different ways. Large
shipping companies face potential First movers in the shipping industry
losses due to their extensive invest- are forward-thinking, financially strong,
ments in assets at risk of becoming maintain strategic partnerships, prior-
stranded but may have the resources itise ESG performance, comply with
and flexibility to manage these risks regulations, foster an innovative cul-
effectively. In contrast, small shipping ture, and have experience with alterna-
companies may be more vulnerable to tive fuels. These characteristics enable

Dual Fuel Engine
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