As a leading shipping and logistics company in India, Abhyansh recognizes the pressing need for the maritime industry to adapt to geopolitical and regulatory changes while addressing environmental concerns. The International Maritime Organisation’s (IMO) Greenhouse Gas Strategy, unveiled during the Marine Environment Protection Committee (MEPC 80) in 2023, sets ambitious targets for the industry, aiming for net-zero emissions by 2050.
The Path to Decarbonization
The IMO has established clear checkpoints for reducing greenhouse gas (GHG) emissions. By 2030, the goal is a reduction of at least 20% from a 2008 baseline, with aspirations to reach 30%. The targets escalate further with aims for a 70% reduction by 2040, striving for an 80% decrease. A key component of these targets includes the adoption of near-zero GHG emission technologies and fuels, which should account for at least 5% of energy used by international shipping by 2030.
With the introduction of frameworks such as the Energy Efficiency Existing Ship Index (EEXI) and the Carbon Intensity Indicator (CII), there is an urgent call for the shipping industry to innovate and comply with these regulations. As maritime transport enters the EU’s Emissions Trading System (ETS) in January 2024, the need for immediate action becomes even more critical.
The Challenge of Green Fuels
The transition to a net-zero shipping industry hinges on the availability of green fuels to replace traditional fossil fuels. However, the current market for e-fuels and biofuels remains limited, with significant investment required to scale these alternatives. This creates a barrier to entry for many industry players.
To navigate this challenge, improving operational efficiencies is essential. This not only helps in reducing emissions but also mitigates the costs associated with adopting green fuels. While alternative fuels are on the horizon, leveraging proven technologies to achieve short-term decarbonization targets is paramount.
Innovative Solutions from Abhyansh
At Abhyansh, we are committed to supporting our customers through innovation. Our Research and Development team has pioneered solutions like HydroSmoothXT™ water trapping technology, which enhances vessel performance by reducing hull-to-water friction. This patented coating traps a microscopic layer of water, resulting in fuel savings and emissions reductions of up to 8% compared to traditional coatings.
Moreover, our Aquaterras product line is a game-changer in antifouling technology. As the world’s first biocide-free coating solution, it effectively repels biological adhesion while providing continuous self-polishing performance. Research indicates that this innovative solution can lower emissions by up to 14.7%, significantly outperforming market averages.
Embracing Opportunities for Positive Change
The maritime industry faces numerous challenges, but these also present opportunities for transformative change. As we work towards implementing advanced technologies that support decarbonization, it is crucial to bring accessible solutions to market that deliver real-world results.
At Abhyansh, we are dedicated to not just meeting regulatory standards but exceeding them, ensuring a sustainable future for our industry and the planet. Together, let us navigate these changes and contribute positively to the environment while continuing to serve our clients with excellence.
