Climate Change on the High Seas - How German shipping companies are realigning their business activities
Publisher:
PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft
A snapshot of how German shipping companies are navigating the gap between environmental necessity and investment barriers in adopting LNG technology.
Analysis of why German shipping companies recognise LNG's environmental value yet hesitate to invest in conversion
Examination of specific barriers to sustainable fuel adoption: conversion costs, limited infrastructure, and financing constraints
Insight into the gap between regulatory pressure and industry capacity to fund the transition to cleaner shipping
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Year:
2019
Language:
English
Pages:
40
File Format:
Abstract
The German shipping industry continues to find itself in difficult waters. Many of the cautious hopes that emerged last year as a result of the excellent overall economic situation look set to be disappointed in the face of international conflicts and the global economic slowdown: Whereas in 2018 nearly three-quarters of German shipping companies were projecting growth, this proportion has since shrunk to only a good half. By contrast, four out of ten assume that conditions will remain flat. Even so, a good two out of three shipping companies expect cargo volumes to rise again in the next five years.