Maritime sector and new technologies for decarbonization

In recent years there has been a significant increase in regulatory pressure around emissionswith ambitious objectives established by the International Maritime Organization (IMO). However, interested parties in the maritime transport remain concerned about the substantial costs associated with decarbonization.

As published by Splash, the Green technology sector is under greater obligation to offer reliable solutions and, at the same time, face the challenges of urgency and limited investment appetite. And although having the right technology is keyalso needs time to develop and mature. Managing expectations regarding what problems a technology can solveand how quickly, requires commitment from all parties.

Secure the industrial base

Current market conditions are affected by numerous challenges. The projects of renewable energy are still being fine-tuned to be sustainable, there are shortages in several key components, from high-voltage cables to microchips, affecting ongoing projects in several regions. We see regional imbalances in manufacturing capacity and access to key materials that have been further accentuated by the problems of supply chain and energy security that have emerged since the arrival of Covid.

Without care, these effects, which are already felt by technology providers and ship customerscould be a serious impediment to offering solutions for decarbonization that maritime transport must have. Strong supply chains and manufacturing bases are critical to ensuring that technologies can be delivered and implemented at scale.

The new term «friendshoring«, either redirecting supply chains to countries with low perceived political and economic riskreflects the increased emphasis on carefully chosen supply chain partners. But when it comes to fostering new technologies, the industrial base is just one element of the business that needs attention.

Underpin resilience

Expand the technologies to meet industry demands It means not only having a good supply chain and qualified labor in the shipyards and facilities…