Average age of the world’s merchant fleet has increased by 10% over the recent decade largely due to the environmental agenda. Meanwhile, it makes investments in five year old tonnage more profitable, hence certain opportunities for Russian ship owners.
2023 January 27
Benefits of old age: world’s fleet is getting older but more expensive
Average age of the world’s merchant fleet has increased by 10% over the recent decade largely due to the environmental agenda. Meanwhile, it makes investments in five year old tonnage more profitable, hence certain opportunities for Russian ship owners.