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.

BY OLE ANDERSEN

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.

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Analyst: Exaggerated eco ship advantages

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Torm beats its competitors on operating profits

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Front page now

Lidl's shipping company makes changes to get more customers in store

Professionals: Shipping has a bad image and struggles to attract women

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs