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Shipping Market Review · May 2021

Danish Ship Finance·59 pages·May 2021
original: https://shipfinance.dk/wp-content/uploads/2024/03/shipping-market-review-may-2021.pdf
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opening excerpt

HEAD OF INNOVATION & RESEARCH
Christopher Rex, rex@skibskredit.dk
ANALYTICAL TEAM
Jonas Hoffmann, Senior Analyst
Sebastian Müllertz, Analyst
Pardeep Singh, Analyst
Stasia Winther, Junior Analyst 
2Shipping Market Review – May 2021
3
Shipping Market Review – May 2021
TABLE OF CONTENTS
Fast forward, 4
Shipping Markets At A Glance, 13
Shipbuilding, 18
Container, 20
Dry Bulk, 27
Crude Tanker, 35 
Product Tanker, 43
LPG Carriers, 50
4Shipping Market Review – May 2021
FAST FORWARD
Commercial levers for decarbonising the shipping industry
5Shipping Market Review – May 2021
VESSELS COULD BECOME A CATALYST FOR CHANGE 
The commercial levers facilitating decarbonisation could outpace global regulation
A transition to carbon neutrality in
the shipping industry is possible. The
industry is making progress with
existing assets and known
technologies but will at some point
need to introduce zero-carbon fuels.
Hybrid-electric and hydrogen-
powered vessels could contribute
greatly to the short-sea shipping
industry reaching the next stage of
efficiency.
For deep-sea shipping, the bulk of
emissions need to be eliminated by
switching to a zero-carbon fuel.
Existing players are burdened by