Robinson Crusoe was stranded on a small island for 28 years. A strand is, of course, a beach: paradise for some, perhaps, and purgatory for others. For him it was very largely a time of freedom, but the concept today of being stranded carries more of a sense of distress. In the energy transition there will be winners and losers: those who find freedom and others who only suffer distress, as they or their assets become stranded when business models and markets change. As the world increasingly seeks to curb greenhouse gas emissions, the hard-to-abate sectors, which include shipping, are under greater scrutiny than ever before.
In this note, we cast a spotlight on the marine markets under this transition towards decarbonisation and suggest some developments we might expect in the years ahead.