Approximately 40% of global maritime trade by volume consists of transporting fossil fuels [1] [2], which will be less necessary as renewables and storage scale globally, replacing this consumption and the transportation needed.

[1] https://thelastdriverlicenseholder.com/2022/01/12/almost-40-...

[2] https://unctad.org/system/files/official-document/rmt2019_en...