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?
Yes: 100%
Do any of your vessels currently run on LNG?
Yes: 12.5%
No: 87.5%
Have you introduced a fuel optimisation/performance management system across some or all of your vessels?
Yes: 100%
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%
Other: 12.5%
Have you already started a dialogue with one or some of the above?
Yes: 87.5%
No: 12.5%
Has the IMO’s recently published 4th GHG study changed your viewpoint about which fuel option to consider?
Yes: 12.5%
No: 37.5%
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?
No: 100%
What is the timescale for the renewal of your fleet?
Next 5 years: 25%
5-10 years: 37.5%
10-15%: 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?
Yes: 25%
No: 75%
If yes, have those initial discussions been:
Helpful: 15%
Rather not say: 85%
Have you already had discussions with your customers about the decarbonisation issue (e.g. cargo owners)?
Yes: 50%
No: 50%
Do you think the IMO’s initial GHG reduction targets for 2030 are achievable with existing fuels/technology/vessel operational and design solutions?
Yes: 62.5%
No: 12.5%
Not confident: 25%
How confident are you that shipping can hit the IMO’s 2050 GHG reduction targets?
Very confident: 25%
Possibly: 62.5%
Not confident: 12.5%