Tanker and bulker owners could see asset values plunge as a global energy transition slices demand for their vessels and the world fleet shrinks, Maritime Strategies International has warned.
While containership owners will escape largely unscathed in the doomsday scenario as coal and oil become increasingly sidelined, shipping lenders will also be caught in the fall-out, MSI predicted.
It’s a scenario presented for a future world in which by 2050 oil consumption will have halved from today’s levels, while coal will be down by four fifths as renewables and biomass take a greater share...
