The American Bureau of Shipping (ABS), PaxOcean, and Pacific Carriers Limited (PCL) have signed a Memorandum of Understanding (MoU) to collaborate on developing retrofit strategies.
As announced the partnership addresses the need for effective Energy Efficiency Technologies (EETs) to enhance the sustainability and operational lifespan of vessels amidst stricter decarbonization targets and an aging global fleet.
The collaboration between ABS, PaxOcean and PCL will focus on identifying effective EETs for vessel types such as bulk carriers, tankers, container ships, and gas carriers. The partners will also analyze trends in the retrofit market, projecting medium-term (3–5 years) and long-term developments to support informed decision-making.
Furthermore, ABS will provide feasibility assessments and technical solutions to align retrofits with future regulations and operational needs. PaxOcean will focus on the technical feasibility and efficient execution of retrofit solutions. In addition, PCL will ensure strategies are practical and cost-effective through operational insights.
Aging vessels, whose designs and engine efficiencies are becoming less aligned with modern standards, require retrofits to remain operational and compliant. Retrofitting with EETs offers a practical path to extend their useful life while contributing to global climate goals.