And it said there are other benefits in efficient shipping too because when crude oil prices are low shipowners can benefit more from emission saving technologies.<\/p>\n
Hakan Ozcan, chief financial officer, Ecoships, the technical ship management arm of Newport, said: \u201cWith crude oil prices at their lowest since April 2009, the temptation is to put your foot on the gas and speed up a bit but this is not the way forward. When oil prices are low shipowners can benefit more fully from energy-saving technologies.\u201d<\/p>\n
He pointed out 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 even further.<\/p>\n
Whilst Mr Ozcan said he does not suggest that the industry embarks on the kind of newbuilding spending spree that will prolong or perpetuate over-capacity, he does believe shipowners have a commercially-viable opportunity to replace ageing, less efficient tonnage with vessels capable of meeting increasingly stringent environmental regulations.<\/p>\n
Ecoships\u2019 energy-efficient bulk carrier design unveiled in September last year is indicative of the group\u2019s commitment to sustainable shipping.<\/p>\n
The Green Lotus 32<\/i> is a 32,500dwt geared, wide-hatched, double-hulled bulk carrier designed to meet existing and future CO2, NOx and SOx emissions regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"
UK based ship management company, Newport Shipping, says that ship efficiency should remain just as important in a bearish oil market as it does when shipowners have to pay extortionate amounts for heavy fuel oil.<\/p>\n","protected":false},"author":8,"featured_media":10864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[],"sponsor":[],"class_list":["post-10863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-products-services-greenport"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/10863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=10863"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/10863\/revisions"}],"predecessor-version":[{"id":10865,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/10863\/revisions\/10865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/10864"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=10863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=10863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=10863"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=10863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}