Maritime Industry Leaders join new MIT Maritime Consortium with a mission to drive forward research and development of groundbreaking technologies

The American Bureau of Shipping (ABS), Capital Clean Energy Carriers Corp. and HD Korea Shipbuilding & Offshore Engineering have joined the MIT Maritime Consortium, a pioneering collaboration between academia and leading industry stakeholders dedicated to developing cutting-edge solutions that enhance industry competitiveness while reducing environmental impact.

This new international consortium brings together academic and maritime industry leaders, developing new technologies for nuclear propulsion and alternative fuels, data-powered strategies for efficient operation and decision making, autonomy and cybersecurity, as well as on-board manufacturing of spare parts. By addressing climate-harming emissions in the maritime shipping industry – which currently transports 90% of world cargoes, while contributing 2% of global energy-related CO2 emissions – this initiative supports compliant, environmentally-friendly operations aligned with the decarbonization goals set by the International Maritime Organization.

Together the members aim to explore new designs that meet the economic, technological and environmental requirements of commercial shipping, assess the feasibility of alternative fuels, develop data-driven algorithms, and enhance autonomous platforms focused on climate, sustainability, AI and AR for manufacturing.