Nuclear power ticks all the boxes for reducing ship emissions to negligible levels, Andreas Sohmen-Pao has said.

But the BW Group chairman cautioned that it comes with too much danger.

“It will change the industry in a massive, possibly catastrophic way,” he told panellists at a webinar organised by the Norwegian Business Association in Singapore.

Sohmen-Pao was not referring to safety issues. Instead, he argued that the effect they could potentially have on the commercial shipping markets could be devastating.