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VESSELSVALUE SEES CARBON NEUTRALITY WITHIN REACH FOR SHIPPING

VESSELSVALUE SEES CARBON NEUTRALITY WITHIN REACH FOR SHIPPING

Thursday, March 4, 2021 

According to Dan Nash, Head of ro-ros at VesselsValue, an online valuation and data provider for Shipping, as the world's focus shifts towards greener alternatives, it is time to explores advancements for 'going green' and what this means for the sector.

With an uptake in demand for LNG engines and bio-fuels, coupled with the first fossil-free fully battery powered ro-pax being announced, zero carbon emissions for shipping is becoming increasingly within reach.

Nash said: "So we finally have a race towards carbon neutrality in the ro-ro sector, which can only benefit the wider industry bringing more investors to the table. Sale and purchase activity has been down prior to Covid-19, with a scarcity of second-hand buyers and new orders stalled as shipowners deliberate on green technology and best timing. Container operator Maersk, pledging carbon neutrality by 2050, will place its first zero emissions order within three years, deciding between ammonia, methanol, biodiesel, and lignin fuel. That is a lot of fleet replacement. And if the EU commission makes good on carbon taxation to achieve climate targets by 2030, we could be looking at a major shake-up in the industry."

The full analysis can be found here.

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