Challenges in Sustainable Shipping Transition for Developing Economies

Ships supporting developing economies are facing challenges in transitioning to more sustainable practices, according to Thomas Zaidman, Managing Director of Sagitta Marine SA. The shipping industry’s response to climate change and the energy transition varies widely, with some leading companies embracing new fuels, energy efficiency, and innovative operating models. However, the majority of the global dry bulk fleet consists of sub-Panamax vessels, which are slower to adopt environmentally friendly practices.

Many developing countries heavily rely on small ships and limited port infrastructure to sustain their economies, making it difficult for them to invest in cleaner vessels. Small ship owners and operators express concern about climate change but struggle to implement changes due to high costs and limited options. While larger companies prioritize energy efficiency technologies on their vessels, smaller operators face challenges in retrofitting their ships.

Despite the push towards decarbonization in the shipping industry, small ship operators are finding it difficult to make the necessary investments to comply with tightening regulations. The International Maritime Organization (IMO) aims for a just and equitable transition to sustainable practices, but challenges remain for smaller operators who lack the resources of larger companies. It is crucial for the industry to support all sectors in achieving a more sustainable future.

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