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Commercial Environment The global fleet growth outlook remains positive towards 2030. If the transport supply grows faster than its demand, this will further increase the overcapacity we currently observe in most shipping segments. This will create cost pressure and, arguably, a non-favourable environment for testing novel concepts. On the other hand, it also creates a necessity for technology differentiators that reduce operational costs.
Societal Pressure and Future Regulations Increasing public awareness of the environment and climate change will continue to put pressure on governments to respond with a regulatory policy. As identified in GMFT2030, future carbon policies could drive the uptake of alternative fuels such as hydrogen fuel cells. Although shipping has already introduced mandatory Green House Gas (GHG) reduction mechanisms (EEDI), the expected fleet growth indicates that further policies will be required for shipping.
Current Regulations Requirements for the reduction of GHG emissions (EEDI) and exhaust emissions (SOx/NOx) are already influencing propulsion and powering technology development. The widespread uptake of alternative fuels and abatement technology will mainly be driven by emissions limits, while the requirements in Emission Control Areas will mostly influence short-sea shipping. The EEDI will, in part, have an influence on the further uptake of engine technology and resistance/ propulsion/ESDs.