There has been much debate recently about whether it pays off to invest in the somewhat expensive ECO tank ships, and whether this ship type would lead to a split market, with two different levels of energy efficiency. Bimco has therefor analyzed these questions, and the conclusion is that the high price pays off.
“Our calculations show that, should you choose to invest in an ECO MR2-tanker, you could pay up to 25% more for your vessel before settling for a non-ECO MR2-tanker,” says chief analyst at Bimco, Peter Sand, in the analysis.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.