Fuel-Efficiency Drive Is Seen Sending Ships to Scrapyard
By Isaac Arnsdorf -
2012-10-05T15:08:47Z
Increasing fuel-economy standards may lead to rising demolition of oil tankers as charterers favor efficient ships and owners try to save money on fuel, according to E.A. Gibson Shipbrokers Ltd.
“Owners today are caught between environmental issues and trying to make money in a prolonged market slump,” the London- based shipbroker said in an e-mailed report today. “The screw is tightening on the less efficient tankers which could result in even more tonnage consigned to the scrapyards.”
To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net
To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.