Shipping is a pretty dirty industry, because of fuel quality they use and the general lack of oversight in the middle of the ocean. I was on the board of Corvus Energy ( http://corvusenergy.com ) while working in Norway, whose technology reduces CO2, SOx, NOx, and fuel consumption by up to 30%. One installation was the equivalent of taking 10,000 cars off of the road. Thankfully, there are developments in this space.…
If it reduces fuel consumption by 30%, wouldn't all ships want to have it? Is it too expensive, or what is the problem?
Time to investment payback was longer than many companies were willing to stomach, which was shortened thanks to Norway subsidies.
That said, they’re growing quickly, have a look!