Bold newbuilding projects are making headlines in sustainable shipping, as owners commit to LNG, methanol and potentially zero-emission ammonia and hydrogen projects.

But while owners such as Norway’s Hoegh Autoliners are making investments in sustainable newbuildings, much of the industry is spending its time trying to avoid building new.

In the shortsea market, which is to a great degree the laboratory for sustainability to be passed up the chain to larger tonnage, owners are concentrating on making old assets last longer.