Categories: BusinessPublished On: 19.08.2019336 words1.7 min read

Exploring the challenges the superyacht industry is facing to achieve its ambitious sustainability goals…

Through a combination of society, regulation and global initiatives, the maritime industry is being forced to work towards a series of sustainable objectives mandated by the International Maritime Organisation (IMO) and the United Nations (UN). As a high-profile sector of the maritime industry, at least in terms of mainstream ire and publicity, the business of superyachts is one that faces increasing pressure to realign the fact that the entire industry is based on a love for the ocean and adhere to the regulatory requirements that would see the ocean protected.

Environmental concern is dictating not just how superyachts will operate in the near future, but everything from the process of design, construction, performance and of course control the residual materials which they emit. For some perspective, in April 2018, the IMO stated that by 2050 the global fleet must cut its annual carbon emissions by half that of 2008, calling for significantly enhanced energy efficiency and gross reduction in harmful emissions.

While this may apply to the entire maritime industry, of which the superyacht fleet attributes only a small percentage, this still calls for an industry masterplan and a pre-emptive approach that will obey to the imminent series of ambitious sustainability targets. Indeed, one may even argue that the superyacht market should be aiming to achieve this target, and even go beyond it, far before 2050.

“As an industry, we must work proactively on solutions, staying ahead of regulations rather than trying to delay – or even worse escape them,” highlighted Lorenzo Pollicardo, technical and environmental director of SYBAss in the Water Revolution Foundation column in issue 196 of The Superyacht Report. “Make no mistake, Tier III is just around the corner and Tier IV and Tier V are on the horizon and this puts the superyacht industry at a crossroads: we can choose to either innovate or delay the inevitable. Given the global shift towards environmentalism, the choice is clear.” . . . . .

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