Cruisebusiness.com — Decarbonisation Faces Technical and Financial Challenges

Investment needed but scrutinized

To achieve the goals that forthcoming environmental legislation stipulates, a lot of work has to be done on a broad scale.

Research by the Norwegian classification society DNV has found that up to 80% of the world’s merchant fleet would have to make technical upgrades to meet the International Maritime Organization (IMO)’s Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) regulations.

Investment is needed to develop new technologies and improve existing ones. However, any forward-looking investment decisions are being even more heavily scrutinized after the extreme financial pressures of the pandemic.

“This means it is crucial that clean technologies match the performance claims made by their manufacturers and that the upfront cost of the technology is matched by a clear and immediate view of payback,” said Jon Wheeler, Programme Director, Cruise & Ferry Segment, Silverstream Technologies...

Read more from the Spring 2022 issue of cruisebusiness.com here.