8/13/2019 DNV - Shipping 2020 (Explanatory Notes)

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8/13/2019 DNV - Shipping 2020 (Explanatory Notes)

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12/17/13 DNV reveals technology uptake towards 2020

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the global fleet in the lead up to 2020. This model gives shipowners a clear technology and

market context to work in, with the opportunity for targeted analysis of individual ship

profiles.

Current annual demand for distillate fuels is around 30 million tonnes. This will rise to 45

million tonnes when the 0.1 per cent limit comes into force in ECAs and will be around 200-

250 million tonnes by 2020. Conversely, the demand for heavy fuel oil will plummet from

around 290 million tonnes in 2019 to 100 million tonnes once expected global emissions

regulations enter into force in 2020.

Shipowners costs will increase sharply in 2020 when even more stringent air emissionsregulations take effect. It will be unfamiliar territory for us all as the fuel market adjusts,

says Mr Svensen. The investment decisions made over the next few years will be critical

preparation for this time and DNV is dedicated to ensuring that the industry as a whole is

ready and able to make the correct decisions to ensure responsible environmental

stewardship that also makes good business sense.

Date: 2012-06-05

Author: Per Wiggo Richardsen