Insight
IMO 2050 Setting sail towards decarbonisation
Report summary
This insight presents our base case outlook for marine fuels to 2050 and explores some of the emerging issues as the International Maritime Organisation seeks to decarbonise international shipping. Oil bunkers is expected to peak in 2025 at nearly 5.4 million b/d. Marine LNG is the main source of market growth during the next decade, displacing 0.6 million b/d of oil bunkers by 2030. The global marine fuel market is expected to start declining in the early 2030s as improving fuel efficiency erodes demand despite rising global trade. Growth in marine LNG then slows post-2040 as synthetic e-fuels become more widespread, supported by the increasing availability of green hydrogen capacity.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global Metallurgical Coal Strategic Planning Outlook 2024
Metallurgical coal’s seaborne imports will continue to grow until 2050, with India and Southeast Asia remaining key regions for growth
$10,000
Commodity Market Report
Global Thermal Coal Strategic Planning Outlook H1 2024
Thermal coal demand in terminal decline though new project blood needed long-term
$10,000
Insight
Iron ore energy transition outlook 2024
Shifting sands: iron ore’s path in the net zero era
$1,050