Page 136 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΟΚΤΩΒΡΙΟΣ 2024

OPINIONS ON GREEN SHIPPING

Elina Papageorgiou stresses that shipping’s decarbonisation efforts extend to broader
industries and argues that digitalisation can help improve the energy efficiency of ships.

NO SINGLE APPROACH

WILL BE THE ANSWER

TO SHIPPING'S

DECARBONISATION

35% (almost one in three) of the survey participants would invest in
neither CO2 capture systems nor in LNG, methanol or ammonia engines
to improve the energy efficiency of a newly built ship. Does this finding
raise concerns about the pace of the industry’s decarbonisation?
Given the ongoing uncertainty around the availability and cost
of net-zero and zero-carbon fuels, the evolving technology and
commercial scalability for such fuels and carbon capture sys-
tems, and the changing regulatory environment, it is not sur-
prising that many shipping companies are reluctant to commit
to significant investments in newly built ships.
The strategy employed by these operators relies on efficiently
using their current fleet until the regulatory landscape becomes
more defined. They believe that the post-2040 future will
involve a mix of fossil fuels in the global fleet profile.
Despite this reluctance, there has been growing interest in a
dual-fuelled approach using LNG and methanol in new con-
struction, as well as a growing interest in ships that are ready
to operate on zero-carbon fuels, such as ammonia and hydro-
gen. Additionally, energy savings devices and technologies are
being adopted in both new construction vessels and in vessels
already in service, along with a strong interest in solutions that
would not require CapEx investment such as drop-in biofuels
for vessels already in service.
Besides fuel efficiency, improvements in energy performance
by Elina Papageorgiou, can also be achieved using data, analytics, and AI, for better
Global Strategic Growth Director voyage planning, improved ship machinery operations, and
and Senior Vice President Greece & Cyprus reduced wait times at ports and terminals.
at Lloyd’s Register
So, while it is unlikely that a newly built ship will be consid-

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