29
Jan

Wind Propulsion a Keystone Technology for Shipping as New Report Reveals $400bn USD Premature Scrapping Crisis

A new report from the UCL Energy Institute has highlighted the looming risk of maritime asset stranding, stating that a rapid energy transition could “lead to ‘premature scrapping’ of over a third of the fleet, valued at over 400bn USD, unless they undergo costly retrofits to remain competitive in the wake of new GHG policies …