Decarbonizing the Shipping industry through Innovative Technologies, Artificial Intelligence and New Regulations

Abstract

The shipping industry, responsible for approximately 3% of global CO2 emissions, plays a pivotal role in the global economy, handling over 90% of world trade. This thesis addresses the urgent need for decarbonization within the maritime sector by examining innovative technologies, regulatory frameworks, and the potential of artificial intelligence to enhance operational efficiencies. The research delves into various sustainable practices including the use of alternative fuels like ammonia, hydrogen, methanol, and biofuels, as well as advancements in onboard carbon capture and wind-assisted propulsion systems. Additionally, the study assesses the impact of AI in optimizing shipping routes, predictive maintenance, and energy management, which are pivotal in reducing emissions. By integrating technological innovation with stringent regulatory compliance, this thesis highlights the challenges and transformative potential of the maritime industry's journey towards sustainability. The findings suggest that while the path to decarbonization is fraught with complexity, strategic integration of technology and policy offers a viable route to reducing the maritime sector's environmental impact and leading global efforts in combating climate change.