Explore trends and issues impacting our industry
For vessel owners interested in reducing fossil fuel consumption to meet IMO 2020 international marine emission standards, hybridization and electrification technologies complement or offer an effective alternative with many benefits. A basic definition of hybridization is any system with two or more sources of energy acting together to accomplish a task. In the automotive world,
Henry Ford once said, “You can have any color you want as long as it’s black”—a slogan that launched the early industrial model. And still today industry relies on economies of scale—and scaling means as little product differentiation as possible within a product line. Industrial efficiency thrives on product commoditization, but in a competitive global