Onboard Carbon Capture Can Cut Shipping Emissions By 30-70%, New Lloyd’s Register Report Shows
Onboard carbon capture and storage systems (oCCS) could play a significant role in helping shipping reduce CO2 emissions, while alternative fuel supply chains continue to develop, according to a new Lloyd’s Register (LR) report.
The report, Applying Onboard Carbon Capture & Storage to Existing Ships, comes as shipowners face increasing pressure to decarbonise and reduce CO₂ emissions. Only around 4% of the near-zero GHG emission fuel production capacity needed by 2030 has reached final investment decision. Alternative fuel-capable vessel orders have also fallen from 45% of contracted tonnage in 2024 to 37% in 2025.
Against this backdrop, the report argues that much…