The oil and gas sector’s offshore EPC spend is expected to total $276 billion, forecasts Westwood Global Energy.
Prior to any efficiency modifications, more than 75% of the fleet — bulkers, tankers and containerships — will not be compliant with the Energy Efficiency Existing Index (EEXI) that will enter into force in 2023, according to Joey Daly, Cargo Analyst at VesselsValue.
