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opening excerpt
Head of Innovation and Research
Christopher Rex – rex@shipfinance.dk
Analytical team
Pardeep Singh Rana, Senior Analyst
Mads Nybo Johansen, Analyst
Mikkel Andreas Scholz-Rasmussen, Analyst
Nicolai Søltoft Friis, Junior Analyst
Novin Taheri, Junior Analyst
Commercial Decarbonisation, 4
Shipping markets at a glance, 12
Shipbuilding, 18
Container, 23
Dry Bulk, 30
Crude Tanker,38
Product Tanker,46
LPG Carriers, 53
Seaborne transportation is the most efficient way of moving large quantities of cargo over long distances.
The shipping industry is therefore essential for a large proportion of global trade. Since it accounts for
approximately 2-3% of the emissions that cause climate change, there is increasing pressure on the
sector to reduce its carbon footprint. If nothing is done, shipping’s emissions are expected to increase
both in absolute terms and as a share of global CO2 and GHG emissions. But much is being done!
Shipping mirrors the industries that it serves, and hence its emissions will decline along with the
decarbonisation of the global economy (p. 6).
A great reset
By putting a price on carbon, directly or indirectly, the shipping industry is about to unlock some of the