German shipowners: New environmental requirements are completely unrealistic

Several shipowners complain about the new environmental requirements, which are set to come into effect during the years to come. But the German shipowners are more vocal than most in their complaints about the requirements, because they seem enormous to many of the smaller German shipowners who are struggling financially.

BY LOUISE VOGDRUP-SCHMIDT

Published: 08.05.13 at 11:47

HAMBURG

That the environmental requirements are set to come into effect in the years to come serves as a truly unwelcome additional expense to German shipowners. It's going to be expensive, and maybe so expensive that it'll kill off many of the smaller shipping companies and KG funds that are facing insolvency, says Ralf Nagel, CEO of the German shipowners' association, VDR.

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