This report announced the formation of the Maritime Nuclear Consortium, a UK-based initiative led by Lloyd’s Register. The consortium aims to utilise the next generation of Advanced Modular Reactors (AMRs), which would allow vessels to operate for years without refuelling, eliminate carbon emissions, and maintain full design speeds rather than “slow steaming” to meet emissions standards. The consortium intends to secure a first-mover advantage for the United Kingdom by defining global safety, regulatory, and insurance standards. This move is presented as a vital step toward achieving a net-zero ocean economy while bolstering national engineering and financial sectors. continue reading