Emissions reduction poses a greater challenge for shipowners

Reducing emissions will be a difficult task for the shipping industry because shipowners will continue to prioritise the need to maintain a low-cost transportation model, according to PricewaterhouseCoopers (PwC) Malaysia. Despite the cost and availability of technology, the decarbonisation effort is deemed 'desirable' by industry players, a multinational professional services firm said. PwC Malaysia Partner, South East Asia (sustainability and climate change) leader Andrew Chan said apart from reducing emissions in their operations, shipowners would most likely start looking at their supply chain partners as part of a more holistic approach to decarbonisation.