When the ship pays back before the owner does

Fuel-saving retrofits can pay for themselves long before the shipowner who funded them sees a return. A new BIMCO contract seeks to resolve shipping’s longstanding divide between who pays for efficiency and who pockets the savings. Alex Byelyavtsev reports.  DNV’s Maritime Forecast to 2050 has a 5,000 teu case: bow modification, propeller retrofit and propeller … Read full article →