OK article I suppose. Kind of light on any assesment of regulatory body hurdles (Coast Gaurd, IMO, etc).
This sentance bugs me though: "...shipping companies may replace their giant cargo vessels with fleets of smaller, more fuel-efficient boats."
This statement makes no sense. Larger ships, in a general, achieve greater economies of scale and therefore, all other things being equal, a larger ship will be more fuel efficient per unit cargo. Period.
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[ 3.1 ms ] story [ 14.8 ms ] threadThis sentance bugs me though: "...shipping companies may replace their giant cargo vessels with fleets of smaller, more fuel-efficient boats."
This statement makes no sense. Larger ships, in a general, achieve greater economies of scale and therefore, all other things being equal, a larger ship will be more fuel efficient per unit cargo. Period.