Challenges for shipping
Saving cost, reducing emissions
The global shipping industry continues to face tough challenges but also opportunity in the years to come.
The main challenge is the bunker fuel cost.. As mentioned above, Llloyds list singles out fuel efficiency as the key issue for the shipping business strategies. Other studies support the conclusion. Bunker fuel cost "poses the greatest challenge for trade" (Benjamin & Rubin, 2008)
Another important challenge comes with the increased environmental regulation. Recent studies indicate that the emission of CO2, NOX and SO2 by ship corresponds to about 2-3%, 10-15% and 4-9% of the global emissions, respectively. Diligent efforts to limit these residuals by the IMO and other regulatory authorities require substantial investments by shipping companies, ensuring a reduction in emissions.
The above challenges are some of the issues that put pressure on operational profitability for the shipping industry.
PROPit's solution has been evaluated to produce fuel savings of up to 15-30%, depending on given conditions.
Reduced fuel consumption means reduced emissions.
PROPit offers an innovative, paradigm shifting solution, providing both dramatic reductions in fuel consumption and a reduction of emissions with a solution that provides both improved thrust and electricity generation at the same time.
A Plimsoll line indicates the draft of the ship and the legal limit to which a ship may be loaded for specific water types and temperatures in order to safely maintain buoyancy