Master's Thesis from the year 2015 in the subject Business economics - Miscellaneous, grade: 10, 0, University of Southern Denmark (Department of Business and Social Sciences), course: Business economics - International Business & Management, language: English, abstract: Shipping of natural gas across the oceans is of significant importance - linking the energy production business with the consuming nations around the globe. Natural gas supply is predicted to increment 1.9% p.a. until 2035, therewith facilitating its transportation as a commodity on board of currently 415 liquefied natural gas vessels and further 168 more to come by 2020. Despite its comparably small size of not even one percent of the worldwide merchant fleet within the industry of shipping, the carriage of natural gas on board of vessels has been overall on an upwind within the last twenty years, foremost due to the greater discovery of natural gas as a source of energy and an increased demand for energy resources in general.
Particularly the natural gas shipping industry underlies peculiar states of affairs: It is a highly technologized, investment intense segment which is affected by currents of political, economic, and environmental origin. Hence, natural gas shipowners as well as other participants upstream and downstream of this sector find themselves in difficulty of strategic decision-making. The purpose for this study has therefore been to investigate in how a natural gas shipping company and other market participants can take a farsighted strategic decision in the complex and uncertain business environment of today and, thereby, planning for the future. By using the scenario approach of modelling a complex world in single happenings, it will be thought deeply and creatively about the future whereof the most salient factors affecting this industry are illuminated. Upon these scenarios, various economic theories and models includin