International shipping accounted for about 2% of global energy-related C02 emissions in 2022.
The International Maritime Organization's recently revised GHG strategy targets net zero emissions around 2050. The challenge however is that 99% of international shipping energy needs are met through fossil fuels, and transitioning to sustainable fuels poses a challenge for older assets. Proposed solutions run the gamut from ammonia, battery and hydrogen fuel cell propulsion technologies, methanol-fuelled vessels and hydrogen combustion.
In normal circumstances, vessels travel at high speeds during their routes and face waiting times once they arrive at port – known as Sail Fast, Then Wait - resulting in unnecessary fuel consumption and generating additional emissions. Nautilus Labs argue that eliminating practices like SFTW can reduce carbon emissions and positively impact the air quality and overall health of communities and residents that live in the vicinity of the ports.
The following is an email interview with Leslie Dang, Global Head of Revenue, and Managing Director, Singapore of Nautilus Labs who shares how a greener legal framework can help address the logistical and environmental challenges facing the shipping industry.Other forms of transportation have been adapting sustainability solutions with some level of urgency. The electrification of trains and trucks, and the use of sustainable aviation fuels, for example.
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