As older, less efficient vessels are increasingly subject to environmental regulations, the need for greener ships is rising. Shipowners face a binary choice: invest in retrofitting existing ships to enhance their carbon efficiency or opt for building sustainable new vessels.

Gaining a deep understanding of available technologies is crucial to navigate these changes. Shipowners need insights into the operational aspects, crew preparation, and design implications for their specific ships, not just generic assumptions. Without these insights, ensuring a satisfactory return on investment or building the trust necessary for cooperation with charterers becomes challenging.

As technological advancements continue to progress, it’s worth noting that certain new solutions cannot be implemented on existing ships, and in some cases, retrofitting can be more expensive than initially anticipated. In these situations, a detailed cost-benefit analysis provided to a shipowner by specialist consultancies will prove to be an invaluable resource.