Benefits of new eco-ships undermined by falling oil price

The sliding oil price casts serious doubts on the benefits of the new eco-design vessels set to enter the market, especially in product tanker, in 2015.

BY LOUISE VOGDRUP-SCHMIDT AND OLE ANDERSEN

2015 looks set to become the big year for new eco-design vessels delivered to the market, especially in the product tanker sector. A big part of the many newbuildings were ordered back in 2012, mainly from shipbuilders in South Korean and China and with financial backing from international private equity funds whose investments and entry into shipping will face its big test in the coming year.

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