India’s port sector has the potential to save up to Rs 20,000 crore annually in cargo handling costs by implementing artificial intelligence (AI). Gourav Vallabh from the Prime Minister’s Economic Advisory Council emphasized the necessity for technological upgrades to reduce inefficiencies and enhance operational speeds in major ports, including Jawaharlal Nehru Port Trust and Chennai.
The integration of energy storage systems with new fuels significantly enhances maritime efficiency. For example, Grimaldi’s Grande Shanghai reduces fuel consumption by 50%, while NCL Vestland achieves a 63% reduction in energy usage per TEU. As battery prices fall, the industry shifts towards hybrid solutions, emphasizing sustainability and operational flexibility.
The Global Centre for Maritime Decarbonisation (GCMD) in Singapore has launched a groundbreaking study, COLOSSUS, analyzing emissions savings and costs related to onboard carbon capture and storage systems (OCCS). It evaluates five OCCS technologies and highlights significant GHG reductions, particularly with advanced systems and biofuels, offering vital insights for shipowners.
