The types of marine fuel used for the shipping industry in 2050 will be vastly different from current choices, says the CEO of classification society DNV GL – Maritime.
“The fuel mix that we see beginning to shift today, will be much more diverse in 2050. Oil will no longer be the overwhelming choice for trading vessels,” said Knut Orbeck-nilssen in the organisation’s Energy Transition Outlook – Maritime report.
“Natural gas will step up to become the second-most widely used fuel, with a third of the world’s fleet, and new low-carbon alternatives will proliferate, supplying nearly a quarter of the fleet.
“The continuing pressure to reduce emissions to air and the growing drive toward decarbonisation, shapes the fleet of 2050 in important ways, particularly in the choice of fuels.”
According to the report, 47% of energy for shipping will be from oil-based fuels by 2050. The use of of gas in the fuel mix will rise to 32%. Carbon neutral energy sources, such as biofuel and electricity will power more than a fifth of shipping.
Other predictions over the period 2015–2050 in the DNV GL report include:
Photo credit: DNV GL
Publication date: 8 January, 2018
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Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.
