- The maritime industry faces challenges in transitioning to low-emission vessels, primarily due to the lack of infrastructure and reliable supply chains for alternative fuels like ammonia and hydrogen.
- This scarcity hampers the development and deployment of eco-friendly ships, raising concerns about meeting future environmental targets.
Despite mounting pressure to decarbonize the maritime industry, the global adoption of eco-friendly ships remains sluggish, reports ChosunBiz
A significant barrier is the uncertainty surrounding the availability and infrastructure for alternative fuels such as methanol, ammonia, and liquefied natural gas (LNG).
Fuel Supply Challenges
Shipowners are hesitant to invest in vessels powered by alternative fuels due to concerns about fuel availability and the lack of a robust supply chain. The infrastructure for producing, storing, and distributing these fuels is still underdeveloped, making it risky for companies to commit to new technologies.
Regulatory Pressures
International regulations, including the International Maritime Organization’s (IMO) carbon intensity targets and the European Union’s Emissions Trading System (EU ETS), are pushing the industry towards greener practices. However, without reliable access to alternative fuels, meeting these regulations becomes challenging.
Industry Response
Some shipping companies are exploring dual-fuel vessels and investing in research and development to find viable solutions. Collaborations between governments, fuel producers, and maritime stakeholders are essential to develop the necessary infrastructure and supply chains.
The transition to eco-friendly shipping is a complex process that requires coordinated efforts across the industry. Addressing fuel supply uncertainties is crucial to accelerate the adoption of sustainable maritime practices.
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Source: ChosunBiz
