Oil’s days as shipping fuel are numbered
Forget the sulphur cap—shipping industry’s biggest disruption will come from carbon rules
In December, the world's largest shipping company, Maersk, announced that it would transform its entire business to reach zero carbon emissions by 2050. This goal goes beyond the landmark agreement of governments at the International Maritime Organisation (IMO) in April 2018 to "at least halve" the shipping sector's greenhouse gas emissions by 2050. As Maersk acknowledges, reaching zero emissions requires fundamental changes in how ships are powered, ending the combustion of bunker fuel. However, we have yet to hear from bunker companies on whether they plan to adapt and accompany their biggest customer on this energy transition, or just go out of business. How long have they got? Because co
Also in this section
3 January 2025
Supporters of the LNG industry need to concentrate on the areas with the most potential before the sector runs out of time to make its mark
2 January 2025
A renewed push for oil and gas production in the US combined with a continued focus on decarbonisation are just two of the trends to look out for in the coming year
2 January 2025
The climate narrative has centred on phasing out fossil fuels in favour of renewables and novel solutions, but increasingly, policymakers are realising the importance of hydrocarbons as an enabler of the transition
2 January 2025
Global population growth is leading to ever-rising demand for reliable and affordable energy, a need gas is perfectly placed to meet