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Is there any demand for green/eco ships?

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Shipowner Charterer says: "There is zero demand for eco or green ships in our industry. Not even tenders for (offshore)- windfarms take this into serious consideration - at the end, it´s the price that drives the decisions, not the carbon footprint of the ocean transportation. Even the expected advantage that modern, low consumption vessels would have after the introduction of IMO2020 sulphur fuel cap is diminishing in view of the current bunker price development."

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Dutch Shipbroker says: "The eco buzzword has disappeared indeed in the mist of the struggling market now. Having said that, it still remains a factor for the future and is unavoidable if you wish to build or maintain a sustainable business in shipping for the future. However as long as parties are struggling to survive and focus on the here and now, extra cash will be less spent on future plans. That will come back though (hopefully soon 😉 "

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Logistics Guru says: "I would say that in these times nobody is concerned with green ships. It's survival time and that means they are totally focused on getting business and less with the environment. That doesn't mean there are no developments for cleaner ships, its just that the purchase of new vessels is lacking for now. "

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S&P Broker says: "Yes people notice green ships, and in the sale and purchase market they will get a premium all other things equal, but then again the S&P market is about the future and not just today."

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The public are too detached from the supply chains of the goods they consume. The conversation needs to be brought into the public forum for suppliers of consumer goods to be shamed into reviewing their entire supply chains in great detail, all the way to the raw materials that were transported at sea. It has always been difficult to level the playing field, we have to create a green value for there to be one, waiting for the industry to effect large scale change based on morals will take too long.

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The decision to invest in sustainable ships in a no-brainer. This is not only when you look at the rapidly deteriorating health of the environment (melting polar ice caps and Siberian forest fires are great examples of this), but also when you look at the profitable lifespan of the average vessel. Deciding against sustainable technologies when building a new ship in 2020 will have negative consequences well into the future.

Is there a demand for green ships? Through the eyes of the sustainable and healthy future of the planet - yes, there is most certainly a demand.

The problem is that the maritime industry cannot be left to shoulder this environmental burden alone. It needs help from forward-thinking, inventive and brave governments.

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