ShippingWatch

Carriers face difficult balancing act in energy transition

Carriers risk losing customers as well as investing in vessels that wind up as stranded assets in the energy transition that has only just started, notes Danish Ship Finance.

Photo: Malte Ossowski/AP/Ritzau Scanpix

A number of carriers have launched into a bet on certain alternative fuels without knowing if there is enough green energy once the ships hit the water. Others opt for liquefied natural gas (LNG). And others yet argue that there is a need to gain a more complete view of the market before making any annonucements. And for most can be said that they are in the process of investing in water bubbles that facilitate propulsion, digitization or better weather prognoses or something entirely different to bring down CO2 emissions.

Regardless of whether this concerns Maersk, which aims to grow a fleet sailing on green methanol, or CMA CGM, which already sails on LNG, these are choices that can have both positive and negative consequences for carriers and eventually lead to a lost market or unusable vessels.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Bawat targets Stockholm listing to raise fresh capital

With an IPO in Stockholm, ballast water system supplier Bawat aims to secure capital for the company’s continued development. The listing comes just six months after the company’s latest cash injection. ShippingWatch has spoken to CEO Marcus Hummer.

Further reading

Related articles

Latest news

See all jobs