Shipbroker Fearnleys is not expecting a revival in the newbuilding market this year as owners continue to seek answers on the type of vessel to order to meet future emissions targets.
Even Matre Ellingsen, chief executive of parent company Astrup Fearnley, told TradeWinds that the outfit has been advising investors to opt for modern eco-ships fitted with scrubbers. Pointing to Fearnleys clients such as Scorpio Tankers and Okeanis Eco Tankers, he said such ships give a very good return to owners.
