An energy company based in Europe needed strategic advice on the future of their refineries to understand how the long term changes in bunker fuels would affect market demand. They required an assessment of the scope and mix of the future bunker fuel volumes of HFO, MGO/MDO and LNG over the next 20 years.
We presented the client with forecasts of how the future fleet structure would change in three different oil price scenarios. The consultancy team paid particular attention to new ship investment and old ship removal behaviour, bunker fuel choice and ship sailing speed.
The energy company was better able to align their refinery investment plans to cover future market demand and meet the needs of their customers.
“Representing Concordia Maritime, it is of course of utmost importance for us to have access to fully fledged macro and micro information, analysis and opinions of the world seaborne trade in general and tanker trade in particular. To have that accessibility first hand, is especially valuable, not only for us but for the shipping cluster to complete the wide range of international research analyst institutes.
We can certainly recommend Lloyd’s List Intelligence Consultancy to anyone that needs thorough economic analysis and a sparring partner for strategic shipping discussions.
Concordia Maritime and Stena have been working with this team for as long time as they have existed (early 1990’s) and will continue to do so.”
CEO, Concordia Maritime