This thesis explores the role and effectiveness of WASP technology in decarbonizing the maritime industry, which contributes about 3 percent of global greenhouse gas emissions. The study evaluates if WASP can enhance decarbonization efficiency and serve as a cost-effective investment tool for shipping companies. Based on a comprehensive literature review and interviews with industry experts, including a Decarbonization Specialist, a Ship Performance Manager, and a Founder and Managing Director of a shipping company, the study provides insights into the operational, financial, and regulatory aspects of WASP technologies.