The Inmarsat and Thetius Decarbonization Toolkit report integrates decarbonization approaches while bringing insights and action steps together with real-world examples.
evealing the results of their latest research program, the toolkit aims to guide interested parties through a model process for developing a practical strategy to reach maritime decarbonization goals.
Extracting value from data is now critical to the profitability and sustainability of shipping companies the world over.
… had said Ben Palmer, President of Inmarsat Maritime, Speaking at Singapore Maritime Week, May 2023
As the report highlights, compliance will ultimately compel change for all operators. However, the pace of change will be dictated by the sum of several accelerating forces. Taking a proactive approach to data and decarbonization in tandem will help businesses get ahead of a changing risk register and unlock untold additional benefits in the form of improved profit margins, more resilience, and more choice over charterers, cargo owners, and trade partners.
A good transition strategy can be broken down into the “three-by-three” transition model, which breaks the process into three planning phases
- Execute, to be applied across three transition domains – the operation, the asset, and the human element.
Across the three transition domains, this report describes nine tool groups which provide technological, contractual, or behavioral mechanisms which have been shown to deliver emissions reductions when applied diligently.
9 tool groups for emissions reduction
- Voyage optimization
- Collaboration and data exchange
- Port call optimization
- Green corridor schemes
- Carbon capture and storage
- Hull design
- Energy saving coatings and devices
- Wind propulsion
- Future fuels
- Connectivity and data exchange infrastructure
- Behavioral economics, change management, and skills training
This list is not designed to be exhaustive. It shows the pathway which appears today to be offering the biggest results.
Finally, the key message of the report is to implement a structured and workable plan, which identifies and prioritizes tools which can be implemented when they are needed to build leaner, healthier, and greening shipping companies for this decade and the decades to come.