By George George
New investment plans to adapt to the forthcoming environmental regulations are being prepared by several shipowners, but the high prices currently recorded in the shipyards do not allow their immediate implementation.
One company with a ready “green” plan, which is delayed due to the situation in the yards, is Neptune Lines, interests of Melina Travlou, which is active in the market of sea transport of cars and trucks.
Shipping focuses on LNG, which is expected to play a critical role in the transition to zero-emission shipping. “LNG is a mature technology. In fact, most of the car carriers that were put under construction this year will burn this fuel. It is a good path to move forward,” said Neptune Lines Technical Director George Kriezis at a mid-week conference.
In fact, as Mr. Kriezis said, the company has developed, in collaboration with a European design company, a new design for medium-sized car carriers, suitable for short distance shipping. “This is an efficient design based on a high-pressure LNG engine,” he said.
However, the order of these steamers will be delayed for some time, as the prices in the yards are particularly high. “The shipyards received many orders this year, due to the good market, and significantly increased costs,” Mr. Kriezis explained.
Specifically, according to him, the cost of building a car carrier that will burn LNG has increased by more than 20%, which “creates difficulties in the implementation of the investment.” “We will wait for prices to fall to reasonable levels,” he added.
Other large shipowners, such as Giannis Koustas, who runs Danaos Corporation with a fleet of containerships, have cited shipbuilding costs as a deterrent to ordering new ships.
Neptune’s profile
According to its website, Neptune Lines operates 18 cargo and cargo ships, with an average age of 8.5 years. The shipping company was founded in 1975 by Nikos Travlos and by 1986 had acquired its first cargo ship.
In 2017, it decided to expand its activities, resulting in the establishment of Neptune Dry Management, which operates in the bulk cargo sector.
It is noted that the head of the group, Ms. Travlou, is running for the presidency in the Hellenic Shipowners’ Association.
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Source From: Capital
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