Pacific Basin: Sulfur and CO2 hold companies back from newbuild orders

Who wants to order a new ship that sails 14 knots, burns heavy fuel that will be illegal to carry as of January 2020, and is required to reduce CO2 emissions by 40 percent by 2030? Pacific Basin CEO Mats Berglund argues that environmental regulation will impact the global order book. 
Photo: Pacific Basin
Photo: Pacific Basin

The shipping industry's repeated impulse to place newbuild orders remain the biggest concern of Hong Kong-based dry bulk company Pacific Basin.

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