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Head of Innovation and Research
Christopher Rex – rex@shipfinance.dk
Analytical team
Pardeep Singh Rana, Senior Analyst
Mikkel Andreas Scholz-Rasmussen, Analyst
Anna Poulsen, Analyst
Nicolai Søltoft Friis, Junior Analyst
Novin Taheri, Junior Analyst
Paid for performance, 4
Shipping markets at a glance, 9
Container, 17
Dry Bulk, 23
Crude Tanker,29
Product Tanker,34
LPG Carriers, 40
LNG Carriers, 46
Seaborne transportation is a critical infrastructure for the world economy. The shipping industry carries
80-90% of global goods and accounts for 2.5% of global CO2 emissions. Seaborne transportation is the
most cost- and energy-efficient way of moving goods. Still, progress is required. The industry is working
towards clear climate targets for 2030 and 2050 formulated by the International Maritime Organisation
(IMO). Retrofits and operational levers are expected to deliver most of the emission reductions towards
2030, while new vessels burning new fuels are expected to drive the industry towards net zero by 2050.
Ocean transport is widely perceived as a commodity
Ocean transport is viewed by many as a commodity. Cargo owners are finding it challenging to accept