Decarbonization of Shipping

The module covers the most current decarbonization concepts and definitions and continues to explain the current shipping regulatory framework (international and regional) and the various private initiatives.

  • Duration
    1 semester
  • Format
    Online
  • Language
    English
  • Start date
    Autumn
  • Accredited by
Decarbonization of Shipping

The module covers the most current decarbonization concepts and definitions and continues to explain the current shipping regulatory framework (international and regional) and the various private initiatives.

  • Duration
    1 semester
  • Format
    Online
  • Language
    English
  • Start date
    Autumn
  • Accredited by
Overview

Decarbonization and sustainability for all industries are currently at the forefront of public opinion and public policies. However, stakeholders often diverge in their targets and proposed methods. Definitions are only currently being formulated, concepts can be confusing, and misinformation (intended or unintended) abounds.

The module starts with the most current decarbonization concepts and definitions and continues to explain the current shipping regulatory framework (international and regional) and the various private initiatives. It discusses possible additional shipping decarbonization regulations for the future.

It highlights the pitfalls and weaknesses in the current shipping regulations and their side effects for the ship management companies. It provides the latest scientific information on the various decarbonization methods and possible alternative fuels, shifting through common misinformation and misconceptions. Finally, the module will highlight how these regulations and decarbonization efforts are expected to change shipping’s usual modus operandi, its financing and the relationships between shipowners and charterers, among others.

Meet the Instructor

Dave MillnerPanos Zachariadis is Technical Director of Atlantic Bulk Carriers Management Ltd since 1996. The company currently operates 22 bulk carriers. From 1984 to 1996 he was Marine Superintendent in the company’s New York office. His 38 year shipping experience spans diverse areas including sea service in bulk carriers and oil tankers, dry dock repairs, new-building supervision, negotiations and specifi-cations, ship operations and chartering. He holds a BSc degree in Mechanical Engineering and a MSE degree in Naval Architecture and Marine Engineering from the University of Michigan.
He has been attending IMO since 2004 as a member of the Greek delegation. He was extensively involved with IMO’s Goal Based Standards and the Greek study which reversed the IMO decision to make double hull bulk carriers mandatory. He was also instrumental in developing the new IMO coating standard (PSPC) for all ships’ ballast tanks. Currently he is involved in the new IMO environmental regulations for ships. Together with major shipyards he has applied numerous energy saving ideas, some of which have become industry standards.
He has written numerous technical guides, papers and articles and has been honored with the 2011 Efkranti award for his contribution to Greek shipping, the Hellenic Shortsea Shipowners Association 2017 Maritime Personality award, the 2017 Lloyd's List "Achievement in Safety or Environmental Protection" award, the 2019 Green4Sea "Personality" award and the 2021 Lloyd's List "Technical Achievement" award. Member of Hellenic Chamber of Shipping and Union of Greek Shipowners technical committees, BIMCO Environmental Committee, ABS European Technical Committee, LR Technical Committee, American Society of Mechanical Engineers, SNAME, BOD HELMEPA and MARTECMA.

Overview

Decarbonization and sustainability for all industries are currently at the forefront of public opinion and public policies. However, stakeholders often diverge in their targets and proposed methods. Definitions are only currently being formulated, concepts can be confusing, and misinformation (intended or unintended) abounds.

The module starts with the most current decarbonization concepts and definitions and continues to explain the current shipping regulatory framework (international and regional) and the various private initiatives. It discusses possible additional shipping decarbonization regulations for the future.

It highlights the pitfalls and weaknesses in the current shipping regulations and their side effects for the ship management companies. It provides the latest scientific information on the various decarbonization methods and possible alternative fuels, shifting through common misinformation and misconceptions. Finally, the module will highlight how these regulations and decarbonization efforts are expected to change shipping’s usual modus operandi, its financing and the relationships between shipowners and charterers, among others.

Meet the Instructor

Dave MillnerPanos Zachariadis is Technical Director of Atlantic Bulk Carriers Management Ltd since 1996. The company currently operates 22 bulk carriers. From 1984 to 1996 he was Marine Superintendent in the company’s New York office. His 38 year shipping experience spans diverse areas including sea service in bulk carriers and oil tankers, dry dock repairs, new-building supervision, negotiations and specifi-cations, ship operations and chartering. He holds a BSc degree in Mechanical Engineering and a MSE degree in Naval Architecture and Marine Engineering from the University of Michigan.
He has been attending IMO since 2004 as a member of the Greek delegation. He was extensively involved with IMO’s Goal Based Standards and the Greek study which reversed the IMO decision to make double hull bulk carriers mandatory. He was also instrumental in developing the new IMO coating standard (PSPC) for all ships’ ballast tanks. Currently he is involved in the new IMO environmental regulations for ships. Together with major shipyards he has applied numerous energy saving ideas, some of which have become industry standards.
He has written numerous technical guides, papers and articles and has been honored with the 2011 Efkranti award for his contribution to Greek shipping, the Hellenic Shortsea Shipowners Association 2017 Maritime Personality award, the 2017 Lloyd's List "Achievement in Safety or Environmental Protection" award, the 2019 Green4Sea "Personality" award and the 2021 Lloyd's List "Technical Achievement" award. Member of Hellenic Chamber of Shipping and Union of Greek Shipowners technical committees, BIMCO Environmental Committee, ABS European Technical Committee, LR Technical Committee, American Society of Mechanical Engineers, SNAME, BOD HELMEPA and MARTECMA.

Module Aims:

The module aims to provide students with

  • an understanding of overall decarbonization concepts and their applicability to shipping
  • the shipping regulators’ and private initiatives’ decarbonization targets and proposed methods to achieve the targets
  • a comparison of shipping decarbonization initiatives and methods to those of other transportation means (cars, airplanes)
  • the role of market mechanisms toward decarbonization
  • the role of digital technology toward decarbonization
  • the ability to critically review and evaluate the various future shipping decarbonization pathways
  • an understanding of how decarbonization is expected to change many established practices in shipping, from financing to contractual relationships between shipowners/clients/charterers.
Module Aims:

The module aims to provide students with

  • an understanding of overall decarbonization concepts and their applicability to shipping
  • the shipping regulators’ and private initiatives’ decarbonization targets and proposed methods to achieve the targets
  • a comparison of shipping decarbonization initiatives and methods to those of other transportation means (cars, airplanes)
  • the role of market mechanisms toward decarbonization
  • the role of digital technology toward decarbonization
  • the ability to critically review and evaluate the various future shipping decarbonization pathways
  • an understanding of how decarbonization is expected to change many established practices in shipping, from financing to contractual relationships between shipowners/clients/charterers.
What you’ll learn

At the end of the module the learner will be able to:

Have a clear and systematic understanding of shipping’s decarbonization concepts, regulations, private efforts and critically appraise their weaknesses.

Obtain, in simple terms, the latest scientific information on the various future decarbonization pathways and emerging technologies.

Shift through common misinformation or inaccuracies on the subject of decarbonization as applied to the maritime industry.

Analyse the dependencies and interactions of market forces and digital technologies in the decarbonization efforts.

Critically evaluate the possible future changes to ships, shipping operation and shipping management as a result of decarbonization.

ASSESSMENT STRATEGY

Based on the Programme Specification, students are formally assessed through the submission of coursework. The forms of coursework depend on the characteristics of each module and may include the following types of assessments: case study, essay, report, dissertation, market analysis,project output, valuation, etc.

In addition each module incorporates multiple self-assessment tests. Self-assessment tests are not part of the formal assessment but completion is strongly encouraged as students will be able to monitor and evaluate their learning process and identify areas requiring improvement.

What you’ll learn

At the end of the module the learner will be able to:

Have a clear and systematic understanding of shipping’s decarbonization concepts, regulations, private efforts and critically appraise their weaknesses.

Obtain, in simple terms, the latest scientific information on the various future decarbonization pathways and emerging technologies.

Shift through common misinformation or inaccuracies on the subject of decarbonization as applied to the maritime industry.

Analyse the dependencies and interactions of market forces and digital technologies in the decarbonization efforts.

Critically evaluate the possible future changes to ships, shipping operation and shipping management as a result of decarbonization.

ASSESSMENT STRATEGY

Based on the Programme Specification, students are formally assessed through the submission of coursework. The forms of coursework depend on the characteristics of each module and may include the following types of assessments: case study, essay, report, dissertation, market analysis,project output, valuation, etc.

In addition each module incorporates multiple self-assessment tests. Self-assessment tests are not part of the formal assessment but completion is strongly encouraged as students will be able to monitor and evaluate their learning process and identify areas requiring improvement.