Onboard carbon capture and storage systems (oCCS) are identified as a practical method for the shipping industry to decrease CO2 emissions, according to a report from Lloyd’s Register (LR). This technology is seen as a significant contributor while the supply chains for alternative fuels are still under development.

The LR report, titled 'Applying Onboard Carbon Capture & Storage to Existing Ships', highlights the potential of oCCS. It comes at a time when shipowners are facing increasing pressure to decarbonize their operations and reduce their environmental impact.

The findings suggest that oCCS can provide a viable pathway for the global fleet to meet emission reduction targets. This approach offers a solution that can be implemented on existing vessels, addressing immediate decarbonization needs.

The report's emphasis on oCCS indicates its importance as a transitional technology. It can help bridge the gap between current operational practices and a future where alternative fuels are more widely available and integrated into the maritime sector.