Maersk Line pays for retrofit on chartered ships

Maersk Line has opted to pay for energy efficient retrofitting for ships the company does not own, but simply have on charter, writes Lloyd's List.

Photo: Maersk Line

According to Lloyd's List, Maersk Line has made an agreement with nine shipowners to pay for the retrofitting of ships on charter with Maersk Line. The agreement is the first of its kind and could create a two-tier market, with ships built for slow steaming and ships optimized for sailing at higher speeds.

The first share of 50 ships, out of the 300 in total that Maersk Line has on charter, will be retrofitted now. The ships concerned have more than two years left on their contracts, and they are ships where Maersk Line pays all the fuel costs.

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