Tsakos Energy Navigation (TEN) CEO Nikolas Tsakos has called so-called eco-ship newbuilds the "flavour of the month" that simply don't make financial sense for the majority of shipowners, Tradewinds reports.
"For the mainstream shipping, I think any vessel which is 10 years or younger can, by spending a minute percentage of what you need to spend on a ship as a newbuilding you can achieve very similar results," Tsakos said.
"And as owners, and I am the vice chairman of INTERTANKO, which actually represents all of the independent tanker owners, we put caution because there's a lot of easy money floating around and … the flavour of the month happens to be the super eco ships."
Read in full: http://shipandbunker.com/news/world/971752-flavour-of-the-month-eco-ships-are-not-for-mainstream-shipping
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