Decarbonisation of Maritime Transport - How does maritime industry lead the way towards decarbonisation? Greek shipowners’ perspective

Abstract

The shipping industry is of great importance for the development and expansion of the global economy. Nevertheless, its contribution to GHG emissions and carbon emissions in particular is significant. Thus, challenges arise in the way the concept of decarbonization will be incorporated in the shipping industry aiding, expanding and further developing the triangle of sustainability. The Mediterranean Sea offers a less strict operational environment in terms of legislation. Though it is about to alter due to the imposition of sulphur emission limits from 2020 and the implementation of the European directive for the abatement of emissions at berth from 2025. Therefore, this study will examine through qualitative interviews with shipowners how the shipping industry is leading the way in achieving decarbonisation. Sample was taken from the Mediterranean area and specifically from Greece, since Greek maritime industry accounts for the transportation of 20% of global seaborne trade. The study comprises stakeholder theory along with behavioural theories in order to grasp the latent content of the respondents’ reflections. Expansion of the LNG as marine fuel and a shift towards electrification for propulsion of vessels consist the main road map towards decarbonisation, as sketched from Greek shipowners’ perspective.