The plus factor (Article from Bunkerspots)

Cutting the bunker fuel spend and lowering emissions are key drivers in today’s cash-strapped and increasingly environmentally regulated shipping market. Lesley Bankes - Hughes talks to FUELSAVE, a company that has developed an innovative technology that it believes provides a win-win solution to both these challenges.

Cutting the bunker fuel spend and lowering emissions are key drivers in today’s cash-strapped and increasingly environmentally regulated shipping market. Lesley Bankes – Hughes talks to FUELSAVE, a company that has developed an innovative technology that it believes provides a win-win solution to both these challenges.

It is a decade since the global economic crisis of 2007/2008 and shipping remains an industry under pressure. Freight rates have improved in some vessel sectors over the past year but margins across all areas of the maritime industry remain thin and vessel owners and operators are continually looking at ways of paring back OPEX and CAPEX. In addition to a tight commercial and financial climate, current and upcoming environmental regulations are also key obligations for shipping stakeholders, and compliance, of course, comes at a cost.

Article from Bunkerspot. Read it online, here or in the pdf posted below.