Navigating the Challenges of Decarbonisation in Maritime Technology

Forging a Trustworthy Path: Navigating Challenges in Delivering Decarbonisation Solutions for the Maritime Industry

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In the midst of the urgent call for decarbonisation in the shipping industry, Ina Reksten, Deputy CEO and COO at Yara Marine Technologies, emphasizes the critical importance of avoiding shortcuts and maintaining a commitment to high standards. The regulatory landscape, marked by ambitious emissions targets set by the International Maritime Organisation (IMO), has prompted increased scrutiny on the maritime sector’s transition to green technology.

The green technology sector, under pressure to deliver reliable solutions, faces the dual challenges of urgency and limited investment appetite. While having the right technology is pivotal, it requires time for development and maturation. Managing expectations regarding the problems technology can solve and the speed of its implementation demands commitment from all stakeholders.

Current market conditions are marred by challenges such as renewable energy projects fine-tuning for sustainability, shortages in key components like high-voltage cables and microchips, and regional imbalances in manufacturing capacity. These challenges, exacerbated by the impact of the COVID-19 pandemic on supply chains and energy security, pose serious impediments to the delivery of decarbonisation solutions for the shipping industry.

To mitigate these challenges, a robust industrial base is crucial. The term ‘friendshoring,’ referring to the rerouting of supply chains to countries with perceived low political and economic risk, underscores the importance of carefully chosen supply chain partners.

However, nurturing new technology involves more than securing a strong industrial base. Scaling up technologies requires a comprehensive approach, encompassing a reliable supply chain, skilled workforces, and efficient installation processes. Collaboration and commitment from both customers and suppliers are imperative, given the global, labor-intensive nature of installation work.

Understanding the long-term goals of customers is equally important. Providing support throughout the asset lifecycle and planning step-by-step upgrades aligning with emission reduction goals are integral aspects of technology delivery.

Building strong partnerships across the supply chain and with customers is essential. Yara Marine Technologies aims to be a trusted supplier and partner, offering multiple solutions and long-term support across a vessel’s life.

Trust emerges as a central theme in this dynamic landscape. Despite impending regulations and reporting requirements, delays in investment decisions and equipment deliveries persist. Suppliers must focus on building trust through transparency in performance and challenges. Rigorous testing, confirmation of operation, and verification at all stages are essential to gain the trust of shipowners and operators.

The challenge for technology in maritime is twofold: ensuring technology delivery and safeguarding reputation. In the competitive maritime industry, trust is paramount for successful decarbonisation efforts. The journey toward efficient emissions reduction requires faith in collaborative industry efforts and a steadfast commitment to trust from all stakeholders.

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