German Rickmers Group plans to retrofit several container vessels to make them even more energy efficient and to minimize the large fuel costs. The upgrade will be carried out in cooperation with a large charter customer and the investment comes to about USD 50 million, which among other things will go to altering the ships' bulbous bow and screw types, says Rickmers Group in a statement.
In addition, work will be done to increase vessel capacity, which requires new cargo systems, software and other measures. Over 70 percent of the expenses for the carrier's charter customers come from bunker consumption, notes Rickmers:
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