The global energy transition’s impact on LNG shipbuilding

The objective of this study is to examine the risks faced by the global, and particularly the Korean, shipbuilding industry, in the face of a decarbonising world. The authors analyse the outlook for LNG carrier and oil tanker shipbuilding under a suite of future energy consumption and production scenarios, covering a range of global emissions levels and associated long term temperature rises. Given the expected future decline in fossil fuel use, as the world moves to limit warming to 1.5C, it is inevitable that oil tanker and gas carrier shipbuilding will also experience a decline. Moreover, as shown in this […]