Ship orders slump 50 percent with owners unsure which green fuel to use
The global ship order book has plunged, as owners are unsure which alternative fuel types to embrace as tighter environmental regulations loom. Most fuel alternatives are only in the trial stage and will not be scalable for at least a decade.
By Elizabeth Low and Jack Wittels, Bloomberg
Ship owners facing looming deadlines to use less-polluting fuels have slashed the number of new vessels on order because they don’t know which alternative technology to switch to.
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