Teekay: ECO-design beats retrofit on gains

The Canadian company with Danish roots Teekay aims at ordering new fuel saving tonnage rather than retrofitting. “Gains are bigger than with a retrofit solution,” Teekay project manager Stuart Crawford tells ShippingWatch.

In the midst of discussions concerning the shipping industry and whether it should retrofit its existing fleet or build new tonnage, one of the world’s biggest tanker companies, Canadian Teekay, sees the future of shipping heading toward ECO tankers.

In an interview with ShippingWatch, project manager Stuart Crawford explains why Teekay believes the new ECO-designs constitute a better solution economically compared to retrofitting of existing ships. At the crux of the discussions are significant savings and efficiency gains.

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