Analyst: Exaggerated eco ship advantages

Statements regarding savings of as much as 30 percent are way too high, says shipping analyst Fotis Giannakoulis of Morgan Stanley, who has studied the financial reports of Scorpio Tankers and others.

Fuel savings and lower yard prices are not sufficient justification to order newbuildings on a massive scale, says shipping analyst Fotis Giannakoulis of Morgan Stanley. According to Tradewinds, he's calling for increased documentation to support claims about savings of as much as 30 percent on eco newbuildings compared to existents ships.

Fotis Giannakoulis estimates that savings of around 10-18 percent are far more realistic, stating that savings of that order can be achieved with newbuildings as well as by retrofitting existing ships.

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