Low ROI holding back shore power growth

Gustavo Miller Gustavo Miller: "ROI is still one of the challenges"
Industry Database

The implementation of shore power is one of the main challenges for ports tackling emissions at berth and in surrounding anchorages, an engineering expert has stressed.

Speaking exclusively to Port Strategy at TOC Europe, Gustavo Miller, division president of ports and maritime at Cavotec, said shore power doesn’t currently represent a good return on investment for terminals and more support from either port authorities or the government is needed to progress with it.

“We’d probably see a little bit more justification if the oil price continued to increase but ROI is still one of the challenges,” Mr Miller said.

“We still need subsidies and support from either the port authorities or the government to make it happen.”

Despite his cautious look, Mr Miller stated that the introduction of environmental regulations in Europe and Asia was a positive sign and would “provide a good and strong push in the next few years.”

He stated: “We have seen in the last few years a very good increase in activity and interest from the ports. What started in Los Angeles in the west coast is now spreading out to the rest of the world. Europe – and china has been very active.”

It is a straightforward and cost-effective technology that “has a great future,” he added.

Featured Videos

LATEST PRESS RELEASES

SOHAR Port and Freezone Launches SOHAR Navigate

The innovative online route planner contains deep-sea and short-sea schedules connecting to 550 port... Read more

Solvo.TOS a Key Ingredient in Angola’s Plans to Grow Its Economy

Solvo.TOS has been chosen by Sogester S.A. (APMT and GF Sociedade Gestore de Terminais, SA) to moder... Read more

SANY Port Machinery launches the new efficient Reach Stacker H9 in Europe

Sany well understood the customers’ need to improve cost. In 2018 SANY introduced the new Reach Stac... Read more

KHALIFA PORT CONTAINER TERMINAL STAYS WITH BROMMA

Bromma has been selected to deliver the spreaders for the automatic stacking cranes to be commission... Read more

Kalmar's automated and manual straddle carriers selected by Patrick Terminals for fleet renewal programme

Kalmar's automated and manual straddle carriers selected by Patrick Terminals for fleet renewal prog... Read more

NEW HYSTER ® TOP LIFT CONTAINER HANDLERS

Hyster Europe has launched a new top lift Laden Container Handler that is expected to increase produ... Read more

View all