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Green shipping struggles in old-fashioned industry

Wärtsilä chief says industry players need to ditch outdated mindset and invest in vessels that run on environment-friendly LNG which can be cost-competitive in the long run.
Monday, May 29, 2017 - 05:50

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Mr Eskola notes that low oil prices will not last, and that major shipping players are already ordering LNG-fuelled vessels.

Singapore

THE chief executive of Helsinki-headquartered Wärtsilä Corporation, Jaakko Eskola, describes shipping as "an old-fashioned industry".

Mr Eskola is not alone in making this observation - the industry at large is widely considered to be behind the curve in keeping up with

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