Futuresinfocus

Eric Laakmann, the CEO of Seachange, discusses the initial steps in the following manner: Globally, there are 34 million vessels, all of which will eventually necessitate replacement with sustainable alternatives. The current pace of oil consumption, whether on land, in the air, or particularly at sea, is deemed unsustainable, given the delicate equilibrium with natural ecosystems.Specifically, domestic commercial vessels, comprising ferries and tourism vessels, account for a substantial $500 billion in capital expenditure, which must be replaced. Furthermore, there exists a substantial $47 billion recreational boat market. Boats, as a category, pose a distinctive challenge when considering electrification, given their inherent inefficiency, primarily attributed to the substantial energy expenditure in water displacement. Nonetheless, their indispensability necessitates innovative solutions.Within this context, there exists a requisite starting point, as colossal supertankers cannot emulate the airborne capab