Ship Design for Uncertainty: A Real Options Approach to determine the Value of Design-for-Conversion under Uncertainty

The maritime industry faces a lot of uncertainty, and the energy transition has only increased this uncertainty. Ships will probably have to be converted to an alternative fuel during their lifetime and methanol seems to be the fuel with the most potential for offshore ships. By preparing for this, Design-for-Conversion to methanol, the costs of...

An evaluation of suitable methods to deal with deep uncertainty caused by the energy transition in ship design

The maritime energy transition presents deep uncertainties that are difficult to deal with in the current ship design process. Even though other fields have stressed using adaptive strategies and explorative methods to deal with deep uncertainty, it is rarely included in ship design. Therefore, this paper compares three applicable methods to...

Assessing Alternative Fuel Types for ULCVs in Face of Uncertainty

The International Maritime Organization forecasts that greenhouse gasses produced by ships will increase rapidly in the near future, unless precautions are taken now. This will require all ships to reduce their emissions, especially container vessels which are producing the most emissions. One way of reducing emissions, with existing technology,...