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A commitment to clean shipping

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World Coal,

Low oil prices is offering the shipping industry the opportunity to invest to new efficient vessels to replay old tonnage, according to a press release from Ecoships, the technical ship management arm of Newport Shipping Group.

“With fuel prices continuing to drop, profit and loss accounts will improve, providing owners with the resources needed to re-invest in new ship designs, equipment and technologies capable of reducing fuel consumption,” said Hakan Ozcan, the Chief Financial Officer of Ecoships. “It just makes economic sense. It is highly unlikely that we will see a return to fast steaming, so vessels designed for low fuel consumption to minimise shipping’s impact on the environment will continue to be an integral part of the ship manager’s business model.”

Last September, Ecoships unveiled a design for an energy-efficient bulk carrier that meets existing and future CO2, NOx and Sox emissions regulations. The Green Lotus 32 has a fuel consumption of just 15.6 tpd at a service speed of 14 knots or 7.6 tpd at 11 knots.

“All our vessels continue to operate to optimum energy-efficiency and have systems installed capable of providing a better return for the owner,” concluded Harald Lone, Newport Shipping Group’s Chairman and CE. “The industry must continue to do all it can to operate ships more effectively so that the economics of shipping remain commercially and environmentally viable".

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