An industry top analyst and Non-Executive President of Clarkson Research Services Limited, Mr. Martin Stopford, made the projection while giving a keynote address during Capital Link’s decarbonisation in the shipping forum.
“This means that there is barely enough money to pay for the capital involved,” he said. Stopford believes cooperation with charterers would be key in this process, where charterers would have to take the lead in deciding what type of technology they want to get involved in. Looking at the shipbuilding capacity available at the moment, Stopford said it would take 25 years to replace the existing fleet.
Badgovernance/leadership brought Corruption- corruption brought Hunger- Hunger bought Insecurity- insecurity will bring Totalfreedom/revolution! - it is NOW!
Looting is the motive.