The cost, and opportunity of shipping's carbon transition

The shift from fossil fuels to zero-carbon alternatives will be hugely costly – but first movers face great potential rewards too.

The transition will drive a rethinking of the way shipping is run, its role in the broader supply chain, the skills needed to make the transition successful, and the financing of a technological revolution.

With pressure growing from cargo interests, financiers and governments, companies seen to do the right thing have a chance – indeed, an obligation – to rethink their operations and position their businesses ahead of the curve.

Companies are already looking at developing bigger CO2 carriers, owners are ordering ships designed to fit future fuels, and tech firms are designing new products – or marketing existing ones – with an eye to upcoming EU and IMO regulations compliance.

Over the past two years the balance has shifted from those who argue the cost outweighs the opportunity to those who see sustainable shipping as paramount.

What are the opportunities now open for a more efficient, more sustainable industry? What leadership, technological, and human resource expertise is required to turn opportunity to commercial reality?

And what are the real costs – financial and non-financial – which the industry must negotiate to get at the opportunities? How will shipping’s leaders move from a focus on why it can’t be done to why it must be done?

This Lloyd’s List webinar will explain to attendees how far the balance has shifted from cost resistance to opportunity imperative.