Oil’s days as shipping fuel are numbered
Forget the sulphur cap—shipping industry’s biggest disruption will come from carbon rules
In December, the world's largest shipping company, Maersk, announced that it would transform its entire business to reach zero carbon emissions by 2050. This goal goes beyond the landmark agreement of governments at the International Maritime Organisation (IMO) in April 2018 to "at least halve" the shipping sector's greenhouse gas emissions by 2050. As Maersk acknowledges, reaching zero emissions requires fundamental changes in how ships are powered, ending the combustion of bunker fuel. However, we have yet to hear from bunker companies on whether they plan to adapt and accompany their biggest customer on this energy transition, or just go out of business. How long have they got? Because co
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The December/January issue of Petroleum Economist is out now!
