Green Shipping Development: Carbon Emission Reduction Strategies in the Shipping Industry
Article Sidebar
Main Article Content
Abstract
This study examines the development of green shipping strategies to reduce carbon emissions in the shipping industry. Using a mixed-method approach, the study was conducted by analyzing data from 50 sample ships and involving 150 maritime industry stakeholders. The results showed that the implementation of green shipping technology can reduce carbon emissions by up to 23.5%, with a combination of technologies achieving a reduction of up to 35%. Economic analysis revealed an average payback period of 3.2 years. The study resulted in a three-pillar strategy recommendation that includes gradual investment in environmentally friendly technologies, crew capacity development, and industry collaboration for infrastructure development. These findings provide significant contributions to the development of effective and sustainable carbon emission reduction strategies in the shipping industry.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
[1] T. Smith et al., "Third IMO GHG Study 2023," International Maritime Organization, London, UK, Tech. Rep., 2023.
[2] M. Lindstad and G. S. Eskeland, "Environmental regulations in shipping: Policies, prices and solutions," Transportation Research Part D: Transport and Environment, vol. 85, pp. 102380, 2020.
[3] International Maritime Organization, "Initial IMO Strategy on reduction of GHG emissions from ships," MEPC.304(72), London, UK, 2018.
[4] P. Johnson and D. Zhang, "Artificial Intelligence in Maritime Operations: Opportunities and Challenges," Maritime Policy & Management, vol. 48, no. 2, pp. 178-193, 2021.
[5] R. Chen et al., "Digital technologies for green shipping: A systematic review," Journal of Cleaner Production, vol. 285, pp. 124843, 2021.
[6] K. Anderson and M. Williams, "Economic Analysis of Green Shipping Technologies: A Life-Cycle Perspective," Maritime Economics & Logistics, vol. 23, pp. 442-460, 2021.
[7] J. Wang and S. Wang, "Challenges and opportunities in achieving green shipping transition: A multi-stakeholder perspective," Ocean & Coastal Management, vol. 195, pp. 105285, 2021.
[8] H. Lee et al., "International Cooperation Framework for Sustainable Maritime Transportation," Marine Policy, vol. 122, pp. 104273, 2020.
[9] D. Martinez and R. Kumar, "Comprehensive Strategies for Carbon Emission Reduction in Maritime Industry," Sustainability, vol. 13, no. 11, pp. 6037, 2021.
[10] L. Zhang et al., "Research Methods in Maritime Environmental Studies: A Systematic Review," Marine Policy, vol. 89, pp. 216-225, 2022.
[11] R. Thompson and K. Lee, "Methodological Approaches to Green Shipping Analysis," Journal of Maritime Research, vol. 15, no. 3, pp. 142-156, 2021.
[12] S. Kim and H. Park, "Framework Development for Sustainable Shipping: A Mixed-Method Approach," Transportation Research Part D: Transport and Environment, vol. 92, pp. 102709, 2021.
[13] M. Roberts et al., "Impact Assessment of Digital Technologies in Maritime Emission Reduction," Maritime Technology and Research, vol. 4, no. 2, pp. 89-104, 2023.
[14] H. Chen and K. Singh, "Economic Analysis of Green Technology Implementation in Shipping," Journal of Marine Science and Technology, vol. 28, pp. 156-171, 2022.
[15] P. Wilson et al., "Barriers and Enablers in Green Shipping Implementation: A Stakeholder Analysis," Ocean Engineering, vol. 242, pp. 110351, 2023.
[16] S. Kumar and L. Wang, "Comparative Analysis of Maritime Emission Reduction Technologies," Transportation Research Part D, vol. 98, pp. 102889, 2022.
[17] T. Anderson et al., "Market Response to IMO's Carbon Intensity Indicator," Maritime Economics & Logistics, vol. 25, pp. 312-328, 2023.
[18] R. Martinez and J. Lee, "Strategic Framework for Sustainable Shipping: A Three-Pillar Approach," Marine Policy, vol. 146, pp. 105278, 2023.