BCG & GCMD Survay – Quarter of shipowners lead carbon cut plans


By Marek Grzybowski

Study by Global Centre for Maritime Decarbonisation and Boston Consulting Group identifies important trends in the race to cut carbon. A ground-breaking survey of the owners of more than 14,000 ships has found that while decarbonisation ambitions are high, progress in delivering even well-established fuel and emission-saving technology and operations remains very low in a large section of the fleet.

The survey, conducted by the Global Centre for Maritime Decarbonisation and Boston Consulting Group, found that although 25% of owners were “frontrunners” in committing and investing to cut emissions, a larger number were further behind. Most of the frontrunners have already invested or plan to invest in established efficiency measures such as slow steaming, propeller upgrades and advanced hull coatings.

But 35% “conservative” owners were taking longer to adopt the technologies because of a lack of awareness and capability rather than lack of finance. Those owners hold 44% of the ships represented in the survey. Results of the survey of 128 shipowners generating about $500bn in annual revenue were presented on the TradeWinds Ocean Stage at Nor-Shipping by the Singapore centre’s chief executive, Lynn Loo, and Boston Consulting Group’s principal Seng Chiy Goh and managing director Michael Tan. “Ambitions are high, but the maritime industry is still early in its decarbonisation journey, with many players just starting to develop road maps,” said Goh.

Source and more info: TradeWinds

Photos: Marek Grzybowski