Global shipping can only decarbonise if it can afford to and through decisive legislation by all coastal countries, and that’s a big challenge.

If we are to reduce 2008 emissions by 50%, then move to a complete true-zero energy system in the future, we must learn to look at the challenge from different angles so that we can see new solutions that are fit-for-purpose in different settings.

There are now 100,000 vessels on the water which are 100 GRT or larger. Of these, just 7,300 ships consume 47% of all marine fuels and cause almost 50% of all the air pollution from shipping. That’s not just an issue for ocean transportation, but for all the stakeholders who rely on our industry for the delivery of commodities, industrial components, and durable consumer goods. Shipping is perceived as the major polluter of global trade. That affects us all.

Those 7,300 ships are the largest bulkers, tankers, container ships and cruise ships. This ‘sub-sector’ of shipping is the one that carries most of the cargo, only trades between a limited number of ports and is operated by the strongest and most resilient companies. It’s in effect, the industrial-carriage end of our market. If we can learn how to bring true-zero emission energy systems to these ships, we can solve the IMO2050 challenge, and afford to do so on our own terms.

Why? Because the only true-zero emission energy system that can take on the challenge of both true-zero emissions and affordability for the largest ships, is advanced atomic. Not conventional nuclear, or naval propulsion technologies which has been in use for decades and is not suitable for commercial shipping, but a new generation of machines like the Molten Salt Reactor which is designed to be fit-for-purpose in large ships.

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