The renewables sector is set to be the big opportunity for offshore marine, but vessel owners will need to adapt to a new business model, according to a panel discussing energy transition at Seatrade Maritime Middle East Virtual. Mark Williams, Managing Director of Shipping Strategy, said, “The demand for drilled offshore oil and gas will fall, but the demand for offshore wind, solar, and hydrogen production is in its infancy, and that will grow significantly over the next 30 years, and that is the big opportunity.”Other panellists on the “How should the offshore and maritime industries prepare for the global energy transition?” Seatrade Maritime Club session agreed.
Watch on demand our elite panellist discuss “How should the offshore and maritime industries prepare for the global energy transition?”
Moderator: Nick Chubb, Founder & Managing Director, Thetius
Martin Helweg, Chief Executive Officer, P&O Maritime Logistics
Eleanor Midwinter, Specialist Counsel, Wikborg Rein LLP
Mark Williams, Managing Director, Shipping Strategy Ltd