A ship.energy survey asked shipowners about their plans for decarbonisation. The discussion has definitely begun but 75% of respondents have yet to instigate the ‘big conversation’ with finance providers over funding their energy transition strategies.
In response to the following questions, shipowners responded:
Is your company already preparing a decarbonisation/GHG reduction strategy?
Do any of your vessels currently run on LNG?
Have you introduced a fuel optimisation/performance management system across some or all of your vessels?
Where will you source the information on which you can base your decisions about alternative fuels and/or propulsion technologies
Class societies: 12.5%
Industry organisations: 37.5%
Sector/environmental consultants: 0%
Fuel suppliers: 12.5%
Technology/engine manufacturers: 25%
Have you already started a dialogue with one or some of the above?
Has the IMO’s recently published 4th GHG study changed your viewpoint about which fuel option to consider?
Not yet discussed: 50%
Has the IMO’s recently published 4th GHG study changed your viewpoint about when to start implementation of a decarbonisation strategy?
What is the timescale for the renewal of your fleet?
Next 5 years: 25%
5-10 years: 37.5%
Have you had any engagement with banks or other financial institutions over the financing of vessels operating on alternative fuels or new propulsion technologies?
If yes, have those initial discussions been:
Rather not say: 85%
Have you already had discussions with your customers about the decarbonisation issue (e.g. cargo owners)?
Do you think the IMO’s initial GHG reduction targets for 2030 are achievable with existing fuels/technology/vessel operational and design solutions?
Not confident: 25%
How confident are you that shipping can hit the IMO’s 2050 GHG reduction targets?
Very confident: 25%
Not confident: 12.5%