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The ratio of crude tanker capacity currently on order to crude tanker capacity currently in service has plummeted to an all-time low of just 2.7 percent , this due to pressures from the global warming crowd to “decarbonize” the shipping industry.
Because the writing is on the wall concerning the use of earth-based fuels like oil and gasoline – the climate change brigade wants these made obsolete – the owners of tankers that use such products are holding out on ordering new ships until it becomes clear the direction the “clean” energy industry is going to take. “To decarbonize shipping, you either need an onboard carbon-capture system (which doesn’t exist yet) or to build new vessels that burn something other than fuel oil,” reported Greg Miller, writing for Freight Waves .
“The regulations on this new fuel haven’t been written yet. So, why would tanker owners in the business of making […]
Excerpt Sourced From: basedunderground.com
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