UGS – New, alternative fuels a necessary condition for zero-emission shipping

A paper unveiled on Thursday by the Union of Greek Shipowners (UGS), entitled “Survey of Alternative Fuels – Technologies for Shipping”, revolves around the dictum that new, economically viable, readily available and safe fuels producing low to zero emissions are an imperative condition for transiting global shipping to an era of without carbon.

In presenting the study, UGS President Theodoros Veniamis reminded of a proposal by Greek Prime Minister Kyriakos Mitsotakis for the creation of an EU research center for alternative marine fuels and technology, saying such an initiative would lead the way for a de-carbonization of shipping and a substantive reduction in greenhouse gas (GHG) emissions.

The UGS study details all of the relevant data regarding marine fuels, alternatives, innovations and prospects for low sulfur future in shipping.

The study, in echoing standing positions by the UGS and other groups representing shipping interests worldwide, said targets should also burden parties beyond the sector.