Managing director Martin Sommerseth Jaer flagged renewable energy as a second disruptive force in the bulker market alongside a slowdown in the Chinese economy.
“Driven by rapid technological improvements, the cost of renewable energy, with solar and wind in particular, is getting increasingly competitive with conventional energy sources,” Jaer wrote in a report.
“Add in the growing global opposition against fossil fuels and especially coal, and it is easy to see how the global energy markets are changing towards greener energy.
“For
