Out of Control

Last year saw the shipping market face stern challenges stemming from, amongst others, simmering geopolitical tensions, climate change and the introduction of new environmental regulations. This year’s BRS Annual Review focuses on the sectors’ efforts to decarbonize, and against the backdrop of the ongoing energy transition, discusses what ships will be transporting in 2050.

In our Annual Review of Shipping and Shipbuilding Markets released today, we state ‘time has come that a tremendous and worldwide initiative be pushed by IMO to propose to the Transportation Industry a new decarbonized fuel that may satisfy all needs. Shipowners may take individual initiatives, but they will not address the extent of the problem and it will take a tremendous amount of time as we can see from the number of dual fuel ships in service including dual fuel ‘ready’ ships that hardly meet the new reality.’

The BRS Group Annual Review takes stock of where shipping markets now, and the paths which they are on across the short and longer-terms. As usual, the Review provides specific analysis of all the major sectors: Shipbuilding, Dry Bulk, Tanker, Specialized Tanker, LNG, Gas, Offshore & Renewables, Ship Finance, Carbon, Cruise, Container, Car Carrier, MPP and Ro-Ro.

You can have access to the review at https://www.brsshipbrokers.com/publications BRS Group