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DNV GL analyses changing energy use to 2050

DNV GL has released a new Energy Transition Outlook (ETO) to 2050 that forecasts the effects that changes in the energy mix will have on shipping over the next three decades.

The big picture on energy is that use of fossil fuels will gradually slow from 2030 onwards, predicts DNV GL, with renewables accounting for up to 50% by 2050.   

Shipping will match this trend by continuing to enjoy robust growth until 2030, it says, before slowing over the next two decades with growth mainly coming in non-energy trades like containers and dry bulk. At the same time shipping’s own fuel mix will alter significantly. Oil will remain the main fuel option for vessels but gas will step up into second place, and new low carbon alternatives proliferate.
“In the Maritime Forecast we can see the trends of today become the paradigms of tomorrow,” said Knut Ørbeck-Nilssen, ceo of DNV GL – Maritime, at the report’s launch in Hamburg this week (pictured).

“Shipping will continue its drive for greater efficiency by reducing costs, improving utilisation, lowering fuel consumption, increasing vessel size, and deploying new technologies,” he continued. “The current wave of digitalisation transforming the industry will also have a profound impact – advancing design and operation and creating new business models.”

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