For the existing fleet, efficiency gains and use of alternative fuels can be achieved through retrofitting. However, issues such as cost, yard space, and fuel availability mean that this is rarely a straightforward choice for shipowners. Nonetheless, with more than half of shipping’s tank-to-wake GHG emissions coming from these vessels, focusing decarbonisation efforts on them will yield the greatest impact. Path forward: pragmatism and portfolio thinking Maritime decarbonisation is a complex puzzle. A diversity of solutions is available to
their fleet, helping them to find new efficiencies in the future, while ensuring full regulatory compliance and driving continuous improvement and transparency. Shipping’s transition to net zero is underway. With pragmatic action and a willingness to adapt, the industry can turn readiness into real, measurable results.
Eirik Ovrum Eirik.Ovrum@dnv.com Øyvind Sekkesæter Oyvind.Sekkesaeter@dnv.com
shipowners, reflecting the complexity of the challenge that lies ahead, but also the flexibility and adaptability that will be so crucial across the industry if goals are to be reached. There is no single technology or fuel that fits all vessel types, trades, and routes. Instead, the industry is moving toward a portfolio approach, combining operational efficiency, flexible fuel strategies, and emerging technologies. This flexibility, where no single fuel or technology pathway is locked in, will allow shipowners to adapt as fuel markets, regulations, and technologies evolve. Forward planning is crucial. Early scenario- based assessment of fuels, prices, and cross-regional compliance will help shipowners stay ahead of trends and future-proof their investments, reducing the risk of stranded assets. Combining this with fast-evolving digital tools and systems will enable shipowners to continuously analyse the performance of
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