Economic Impact

Shipping is an essential component for global economic trade, but more than that, it is the economic lifeblood of remote coastal and island communities.  And yet, these are the communities that currently have the least access to its benefits and are bearing the highest costs in maritime transport.

We deny that this situation is inevitable, and want to offer an alternative.

Greenheart ships are designed to…

Allow the cost of doing business to be dictated locally

Freed from fuel costs, which are internationally set and subject to global price swings, with a sail/solar hybrid ship, the price of day-to-day operations is solely based on local labor costs.

Put the means of doing business into the hands of locals

Affordable, multi-purpose vessels that require no special port accommodation could bring down the capital required to enter business and increase the viability of small-scale seafaring from a few to many.

Unlock entirely new economic opportunities

With no fuel costs, there is no longer a hard cost for every minute spent on the waves. Owners can count on reduced maintenance and reduced replacement costs for engines. Unlimited range and port independence technologies open thousands of miles of coastlines and rivers to direct commercial access. The possibilities for new business models are vast.

Improve margins and viability on established businesses

Greenheart ships don’t just open new economic opportunities, they also enhance existing ones. Small-scale fishermen for example, are freed from the cost of fuel to travel and cool their catch and as a result have much more freedom to decide where and when they fish and how large a catch is appropriate.

Increase economic interconnections and viable trade routes

Freedom from fuel costs returns viability to previously marginal or inefficient routes and opens possibilities for new connections. No longer will inter-island traders, ferries, and mail ships be forced to give up routes because the size of local markets cannot cover the cost of fuel.

Create jobs and stimulate employment opportunities

Without fuel costs to inhibit them, no market or niche is too small or remote to be potentially profitable enough to put food on the table. With access to flexible and affordable tools, the sky is the limit for creative entrepreneurship. And increases in economic traffic can lead to increases in related services, and so on and so forth, triggering an economic snowball effect.

Enable local producers to choose their own markets and deliver their product

There are too many situations where there is a good local product and an interested market, but no economically viable way to move the goods in between. This situation stymies trade, both short distance and long, but can be rectified with the right technology in the right hands.

Decreases the minimum capital costs for entry into the global maritime network

Greenheart ships require minimal capital to purchase, minimal capital to operate, and minimal infrastructure needs for launching and servicing.

Reduce costs from the top down and make an impact from the bottom up

The cumulative cost of fuel to remote island countries can be as much as 18% of GDP. Pressures to subsidize fuel are strong, and public costs enormous. All of this money leaves communities and regions, never to return — imagine what it could do saved and reinvested at the source.