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2Shipping Market Review – November 2021
HEAD OF INNOVATION & RESEARCH
Christopher Rex, rex@skibskredit.dk
ANALYTICAL TEAM
Jonas Hoffmann, Senior Analyst
Sebastian Müllertz, Analyst
Pardeep Singh, Analyst
Lucas Andersen, Junior Analyst
Louise Legart, Junior Analyst
3Shipping Market Review – November 2021
TABLE OF CONTENTS
Navigating a route to net zero, 4
Shipping Markets At A Glance, 14
Shipbuilding, 19
Container, 25
Dry Bulk, 33
Crude Tanker, 41
Product Tanker, 49
LPG Carriers, 56
4Shipping Market Review – November 2021
NAVIGATING A ROUTE TO NET ZERO
Energy efficiency first - then fuels
5Shipping Market Review – November 2021
The global economy is raising its climate ambitions towards 2050. The call to decarbonise
large parts of the economy is likely to bring significant changes to entire industries,
sectors and business landscapes.
For the shipping industry, the transition is not only about vessels transporting cargo while
emitting less CO2; it is first and foremost about changing the tectonic plates underlying
the global economy. These ambitions could reverse the demand outlooks for entire vessel
segments.