Capital Projects
Driving Sustainability in the Maritime Industry
International shipping causes emissions and pollution, and its environmental impacts will continue to increase unless actions are taken to make the maritime industry more sustainable. The industry is facing increasingly stricter environmental regulations and has started to undergo a green transition as a result. Continuing with business as usual is not an option if one wants to remain competitive. It could also become very expensive, particularly for ships sailing into or from European ports, as the EU is planning to make polluting ships pay. More sustainable fuels are needed if the maritime industry is to reduce its climate and environmental footprints. Ships will also need innovative new technology to use these fuels. Many of these technologies already exist, and those being the first to install them will be at a competitive advantage. Smarter engineering and advanced technology can lead to more sustainable solutions, both for newbuilds and for existing ships.