StemmOvetPort of StocktonTOC EventsTelestackMultimodal 2018
  • Port of Stockton
  • Cleveland Cascades Ltd
  • TMS Tanker Conference 2018
  • Stemm
  • TBA - Software Solutions & Services for ports, terminals & warehouses
  • MULTIMODAL 2019

Energy transition offers innovators a competitive edge

(Posted on 11/09/18)

DNV GL – Maritime has released its second Maritime Forecast to 2050, part of a suite of Energy Transition Outlook (ETO) reports launched today in London. The Forecast provides an independent forecast of the maritime energy future and examines how the energy transition will affect the shipping industry.

“The energy transition is undeniable,” says Remi Eriksen, Group President and CEO of DNV GL. “Last year, more gigawatts of renewable energy were added than those from fossil fuels and this is reflected in where lenders are putting their money.”

Following on from the 2017 report, the new Maritime Forecast to 2050 focusses on the challenges of decarbonising the shipping industry. It examines recent changes in shipping activity and fuel consumption, future developments in the types and levels of cargoes transported, and future regulations, fuels and technology drivers.

“Decarbonization will be one of the megatrends that will shape the maritime industry over the next decades, especially in light of the new IMO greenhouse gas strategy,” says Knut Ørbeck-Nilssen, CEO DNV GL – Maritime. “Combined with the current and future trends in technology and regulations, this means that investment decisions should be examined through a new lens. Therefore, we propose a ‘carbon robust’ approach, which looks at future CO2 regulations and requirements and emphasizes flexibility, safety, and long term competitiveness. With this new framework, we hope to help empower robust decision making on assets.”

In the first Maritime Forecast, DNV GL introduced the concept of the “carbon robust” ship. The 2018 Forecast develops this concept with a new model that now evaluates fuel and technology options by comparing the break-even costs of a design to that of the competing fleet of ships. This aims to support maritime stakeholders in evaluating the long-term competitiveness of their vessels and fleet and to future-proof their assets.

A case study utilizing the model in several vessel designs reveals some striking findings, including that investing in energy efficiency and reduced carbon footprint beyond existing standards can increase the competitiveness of a vessel over its lifetime. The study also suggests that owners of high-emitting vessels could be exposed to significant market risks in 2030 and 2040.

“The uncertainty confronting the maritime industry in increasing as we head towards 2050. This makes it more important than ever before to examine the regulatory and technological challenges and opportunities of future scenarios to ensure the long-term competitiveness of the existing fleet and newbuildings,” said Knut Ørbeck-Nilssen.

The Maritime Forecast predicts a rise of nearly a third (32%) in seaborne-trade measured in tonne-miles for 2016–2030, but only 5% growth over the period 2030–2050. This is based on the results of DNV GL’s updated global model, which is described in detail in the DNV GL Energy Transition Outlook 2018. The model encompasses the global energy supply and demand, and the use and exchange of energy within and between ten world regions.

Latest News

Genco completes acquisitions

(Posted on 14/09/18)

Genco Shipping & Trading Limited has announced that it has taken delivery of the Genco Defender... Read more


MAG restructure to focus on core business

(Posted on 14/09/18)

On a recent visit to the Gdynia head office of Morska Agencja Gdynia (MAG), Vice President, Krzysztof... Read more


“World's most eco-friendly bulker” delivered to ESL

(Posted on 11/09/18)

Viikki, the world's most eco-friendly bulk carrier, has been delivered to Aspo Group's ESL Shipping... Read more


Ships not operating in regulatory vacuum says ICS

(Posted on 11/09/18)

At the United Nations in New York, the International Chamber of Shipping (ICS) is representing shipowners... Read more


Nippon introduces first biocide free SPC antifouling

(Posted on 11/09/18)

Japan-headquartered Nippon Paint Marine has introduced what is thought the world’s first biocide... Read more


Oldendorff tops VV list as SMM begins

(Posted on 03/09/18)

With one of the world’s leading trade fairs for the maritime industry, SMM in Hamburg this week... Read more


Inmarsat confirmed as fastest-growing maritime VSAT provider

(Posted on 03/09/18)

The digital transformation of the commercial shipping industry will pass a major milestone this September... Read more


New partner for CJC strengthens expertise

(Posted on 03/09/18)

Well-known maritime lawyer Gareth Williams has joined Campbell Johnston Clark (CJC) as a director of... Read more


Singtel and KVH Industries collaborate

(Posted on 03/09/18)

Singtel and KVH Industries, Inc, a global satellite and maritime communications provider, has announced... Read more


CSL Welland crew saves life in rescue operation

(Posted on 03/09/18)

On August 25, 2018, the crew of CSL Welland was involved in a rescue operation that saved... Read more


TMS Tanker Conference 2018TBA - Software Solutions & Services for ports, terminals & warehousesTMS Awards 2016 winnersCleveland Cascades LtdMULTIMODAL 2019The Maritime Standards Awards 2018
  • Ovet
  • Docksolid
  • Telestack
  • Cimbria Bulk Equipment A/S

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping