The marine energy market is experiencing significant transition, creating complexities, risks and challenges that provide both opportunity, but also threats to profitability and continuity:
- Increased regulation; redefining the energy supply mix.
- MARPOL Annex VI regulation: 2015 (0.1% sulphur ECAs); 2020 (0.5% sulphur global waters)
- Low oil prices; volatility and uncertainty over future trends and compliance.
- Damage in commodity markets
- Margins impacted for suppliers
- Demand for improvements in sustainability and environmental responsibility.
- Supply and demand uncertainty.
- An abundance of choice of future fuels, with significant cost and compliance implications.
- Distillates, LNG, abatement technologies, biofuels
This creates challenges for all stakeholders involved in the marine energy supply and transaction chain: ship owners, operators and financial institutions; physical fuel suppliers and traders; energy infrastructure groups.
THE BUY-SIDE
Buy-side knowledge gap in marine energy and procurement.
THE SELL-SIDE
Sell-side uncertainty on how to succeed in a changing market.
MARINE ENERGY INFRASTRUCTURE
Bunkering infrastructure companies under pressure to adapt to a rapidly changing market.