Green ocean strategy

Most shipping industry players agree that green corridors- or shipping routes dedicated to vessels that run exclusively on alternative fuels- could be a powerful tool to accelerate the industry's journey to zero-carbon shipping. Yet, many questions remain about how to implement them.

Ascertaining a green corridor's feasibility is a critical first step. It lays the foundation for a design approach and inspires stakeholder confidence. This is the work that helps stakeholders reach a memorandum of understanding before execution begins.

McKinsey has collaborated with the M198rsk Mc-Kinney Moller Center for Zero Carbon Shipping to create a blueprint to help stakeholders assess the feasibility of green corridor projects. Following are the 4 priority areas for stakeholders to consider when evaluating the feasibility of green corridors:


Alternative-fuels supply chain: Will there be a sufficient supply of clean-energy sources for ships?

Port, storage, bunkering infrastructure: How will the fuel be transported, stored and handled?

Vessel decarbonisation pathway: What are the implications for shipowners and operators regarding the investments needed for new vessels and retrofits?

Cargo demand dynamics: Are cargo owners and end customers willing to support decarbonised shipping?

From 'Green Corridors Could Lead the Way to Zero-Carbon Shipping. But How Can They Become a Reality?'
by McKinsey & Co.