The Business Brew cover image

J Mintzmyer - Shipping Extraordinaire

The Business Brew

00:00

The New Environmental Regulations Are Going to Push Out Old Tonnage

Most ships are designed to do between 20 and 30 years of service. When times are good, they're pushd in that 30 maybe there's even 31 and 32 year olds out there. But when times are bad, a lot of that stuff gets scrapped as young as 15 or 20 years old. With these new environmental regulations coming out, those old ships burn too much fuel. They can't compete. And so the old ships are going to go to the scrap yard.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app