High Cost Fleet Upgrades to Dominate Shipping Industry in the Years to Come
30/03/2019
Ship owners should be prepared for a lengthy and high cost process of constant revamping of the existing fleet of ships, as more and more bans and regulations are being put into force with a view to limiting the industry’s environmental impact. So, while scrubbers and low-sulfur fuels are the main discussion points today, ahead of the IMO 2020 rule, in the future the global agenda will undoubtedly shift towards LNG and other means of decarbonising shipping.