Adding Fuel to the Eco Ship Fire
The historically weak freight environment continues to batter the earnings of tanker companies the world over. The high and low tides of revenue opportunities have introduced a persistent theme of cost control by bringing accute attention to the bottom line. At first, the tightening of the proverbial belt was a concern for charterers as it registered the possibility of slack maintenance – something has got to give, afterall. However now, new technology in the form of eco ships provides a clean opportunity for shipowners to save money without to augment operational integrity.
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