ShippingWatch

Bimco: It pays off to pay more for ECO ships

When purchasing a tank ship, it pays off to pay as much as 25 percent more for an ECO ship newbuilding, according to an analysis by Bimco.

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Sea Cargo Charter hesitates to raise climate ambitions

The climate ambitions of the Sea Cargo Charter initiative have been criticized by several members, but it seems they still don’t stand to be raised, Chair Jan Dieleman tells ShippingWatch. For over a year, the initiative has considered raising the bar.

Related articles

Latest news

See all jobs