Energy Transition Outlook 2017

Maritime forecast to 2050

The Maritime Energy Transition Outlook (ETO) describes the consequences of the energy transition for the maritime industry, looking at goods to be transported within and between regions, and the types of vessels needed.

Implications for the shipping industry

The Maritime ETO projects that heading to 2030 shipping will continue to enjoy robust growth, comparable to the last several decades. From 2030 to 2050, demand continues to increase, but slightly less rapidly – with the growth primarily in non-energy commodities, such as the container trade and non-coal bulk. As energy production and export patterns change, the fuel mix will be much more diverse. In 2050 oil will remain the main option for trading vessels, but natural gas will step up to become the second-most widely used fuel, and new low carbon alternatives will proliferate.