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Internal combustion engines are becoming ever more efficient as mankind seeks to mitigate the effects of climate change while still maintaining the benefits that a mechanized society has brought to the global economy. As peak values, mass production spark-ignition engines can now achieve approximately 40% brake thermal efficiency and heavy-duty truck compression-ignition engines can approach 50%. While commendable, the unfortunate truth is that the remainder gets emitted as waste heat and is sent to the atmosphere to no useful purpose. Clearly, if one could recover some of this waste heat for beneficial use then this is likely to become important as new means of mitigating fossil CO2 emissions are demanded. A previous study by the authors has identified that the closed Joule cycle (or complications of it beginning to approximate the closed Ericsson cycle) could reasonably be developed to provide a practical means of recovering exhaust heat when applied to a large ship engine.