After Peak
After Peak refers to the period of time when global oil production has reached its maximum point and begins to decline. This phenomenon is also known as 'peak oil'. After Peak is characterized by a decline in oil production, which leads to an increase in oil prices and a shift towards alternative energy sources. The concept of After Peak is important for the maritime industry as it heavily relies on oil for transportation and energy. As oil becomes scarcer and more expensive, the maritime industry will need to adapt by finding alternative energy sources and improving efficiency.
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