'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
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By Mike Wackett
The number of exhaust gas cleaning systems (scrubbers) being installed on containerships is gathering pace, according to Drewry.
It now accounts for 10% of the global fleet by teu capacity, and more than 40% of newbuild vessels are being fitted with the onboard fuel refineries.
Currently there are 266 boxships fitted with scrubbers, for an aggregate capacity of 2.2m teu, led by MSC with 46% of its operating fleet and Evergreen with 21%.
Both carriers have decided the technology is the most cost-effective option ...
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