"The shipping industrie is now moving in the same successful green direction as hybrid cars."
CaymanBrack Capital Group Plc (CBCG) is convinced that vessels fitted with hybrid main propulsion machinery are the future and plans to invest in a hypermodern hybrid laboratory in collaboration with EuroNova Asset Managament Pte. Ltd. in Singapore.
“Hybrid propulsion systems significantly reduce both fuel consumption and emissions,” says Tom Werres, R&D manager for CBCG´s marine activities.
We will be happy to tell you more about our current and proposed projects in a personal meeting.
The biggest ecological challenge comes in commercial shipping. About 90% of world trade is transported by sea, according to the United Nations. Cruise ships, ferries, and cargo ships are often fueled with thick, high-sulfur and highly-contaminating fuel.
International shipping companies need to make drastic cuts to their emissions, a European Parliament report (pdf) warned in 2015. The industry will contribute about 2% of global greenhouse gas emissions by 2020 and its share could reach close to 17% by 2050, according to the report.