The International Maritime Organization (IMO) has set out a target for international shipping to achieve net zero emissions by 2050. Ship owners and managers have for some time been exploring technologies that will help them in their decarbonisation and greenhouse gas emission-reduction efforts. They've been considering the use of wind propulsion amongst other options but will need to explore new fuel and propulsion technologies. The nuclear propulsion of ships is one of the options under consideration. But there are some significant barriers to overcome before nuclear propulsion can become more widely adopted as a means to power ships. Jarek Klimczak, our Chief Risk Consulting Officer for Specialty, shares his insights: https://lnkd.in/eQwXFDWi
This was on the agenda at IUMI meeting last year, too. Quite interesting from an risk management point of view - can we handle these mini reactors on oceans and in ports?
Congratulations on an interesting article Jarek. Thought provoking in areas of low emission propelling solutions but as well on possible implications for marine insurance.
Thorsten Leubert Dipl.-Ing., GMC, MREI 🌿 is #AXAXL #RiskConsulting subject matter expert in nuclear, so we are able to support our clients using our in-house expertise.
Marine Lead Cooled Fast Reactors. Machinery Reinsurance Claims. Machinery Failure Investigation & Forensic Engineering.
1dPlease, let's stop using the term "nuclear propulsion", which is close to meaningless, and let's use the proper term "nuclear powered ships." As for insurability at scale, it is important, and it will come, but it is far from the top of the list, as priorities go.