New Report Raises Questions About the Feasibility and Costs of Onboard Carbon Capture in Shipping

The Maritime Technologies Forum (MTF) released a report today that delves into the onboard carbon capture and storage (OCCS) technology for the shipping industry, offering recommendations that could dramatically alter the sector's operational landscape. However, the report's suggestions, which could lead to increased regulations and higher operational costs, raise significant concerns about their impact on the industry's economic stability and global trade efficiency. Critics argue that the push for OCCS may result in unintended consequences without substantial proof of its economic viability or environmental benefits.