As the 10th anniversary of the founding of the EGCSA approaches, it is gratifying to report around 1,000 globally trading ships have fitted or ordered exhaust gas cleaning systems (EGCS). The figure amounts to 100 ships per year of EGCSA’s existence or about 5 ships per year per EGCSA member.
Clearly the larger companies have the lion’s share of the installations and order book but nevertheless the dogged persistence of EGCSA members will now hopefully provide a return to their investors, no matter the size of the member company. It will not be super-profits. The shipping industry has been spoilt on low cost ships and equipment for too long. That will have to change in a world where steel work will in future have to be complimented by sophistication if the industry is to meet the raft of new environmental requirements.