This World Oceans Day, the maritime sector is turning its attention to a new frontier: the commercialization of CO₂ shipping.

As Carbon Capture and Storage (CCS) accelerates worldwide to protect our climate, the geological reservoirs beneath our oceans are emerging as one of the most important destinations for permanent carbon sequestration. However, the multi-billion-dollar question remains: who takes on the commercial risk?

From vessel asset risks to shifting carbon market regulations, building the fleets needed to transport liquefied CO2 is a high-stakes balancing act for shipowners, capture plants, and investors alike.

To truly protect our oceans and maximize their potential in the green transition, the industry needs resilient, long-term commercial models. If we want to leverage our oceans to save the planet, we have to make the economics work first.

Our Operations Director, Jon Barnes, dives into the financial underpinnings of CO2 shipping in this excellent piece by Riviera Maritime Media.

If you’d like to continue the conversation, Jon will be leading two sessions at the CO2 Shipping & Terminals Conference on 16 June, where he’ll be working with industry stakeholders to identify and bridge the commercial and operational gaps that must be addressed to unlock large-scale CO2 shipping.

Read the full article here.