Fibership is a revolutionary R&D H2020 project with a budget of 15 million euros funded by European Commission. The project aims to to develop a new market focused on the design and construction of large-length commercial vessels over 500 GT (approx. 50m length) in composite materials. The project attempts to overcome the current market challenges and technology gaps to make the building of these innovative vessels feasible. The use of these materials is expected to significantly reduce the structural weight of the vessel which would lead to a reduction in energy consumption and an increase of payload capacity, among other benefits such as O&M costs reduction. Read more about it here: Link.