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Containership owners shelving eco-retrofits on lower bunker fuel price

Containership owners shelving eco-retrofits on lower bunker fuel price
With the sharply reduced bunker price containership owners are shelving eco-retrofit projects according to Thomas Preben Hansen, ceo of Rickmers Maritime Trust.

Speaking at Mare Forum Singapore 2015 Hansen said they had carried out retrofits of containerships for as little as $500,000 that resultied in fuel savings of 16% - 17%.

However, while container lines had been seeking to retrofit all ships as fast as possible before the oil price fell, a considerably longer payback period today is reversing previous plans.

“A lot of projects have been shelved,” he said. The payback period has increased from nine months to around two years.

Hansen noted that it was the economical factor that had been driving the shift to eco-ships.

Rickmers Maritime is a Singapore-listed shipping trust and owns a fleet of containerships, which it charters to major containerlines.