Navigating Maritime Decarbonization as a cargo owner
Cargo owners are finding new means to take active part in reducing GHG emissions from shipping, so that the maritime decarbonization transition can be managed in a cost-effective way.
Cargo owners are increasingly facing customer and investor expectations to decarbonize their operations. In response, many cargo owners have announced that they are building decarbonization targets into their business strategy. Some are aiming for carbon-neutral or carbon-positive impact by 2040, or even by 2030.
Since the introduction of shipping in EU ETS, cargo owners are now being asked by shipping companies to take on the costs of these regulatory instruments. This is leading to increased expectations on the shipping industry to be more transparent, as part of increased GHG emissions reporting requirements throughout the supply chain. DNV supports sharing of verified emissions data through our Emissions Connect service.
Cargo owners are engaging directly with their contracted shipping companies to ensure that all known energy efficiency measures are identified and implemented. Some are even joining with shipping companies to implement new technologies onboard, such as Wind-Assisted Propulsion Systems (WAPS).
In some industry segments, there is a clear green premium for low or zero emission products. One such example is green steel. Here, cargo owners will find that emissions from the ship supply chain can be drastically reduced at a comparably low cost.
DNV is assisting buyers of maritime transport in managing the decarbonization transition
We leverage our in-depth knowledge of maritime technologies, regulations and business environments for cargo owners and other buyers of maritime transport in the following areas:
- Creating and anchoring a maritime decarbonization strategy
- Building emissions baseline from estimated or primary data
- Understand cost and emission impact of existing and upcoming regulation
- Translating emission goals into cost-effective reduction plans
- Driving improvements in energy efficiency in supplier relations, both by improving existing fleet and in newbuilds
- Implementing new technologies such as Wind-Assisted Propulsion
Why choose DNV
DNV Maritime Advisory builds on its long expertise and deep technical domain knowledge on maritime decarbonization that comes from engagements with shipping companies, regulatory bodies and governments, yards, manufacturers, energy companies, banks, etc.
