Please find below the
Semi-Finalist Evaluation
Judges'' comments
The concept gives EcoShip has the exclusive right on returns of the retrofit technology on the owner’s ship which would be problematic. Most freight operators are already incentivized to improve efficiency to make the ship more profitable and make freight hauling rates more competitive. Putting a ship down for retrofit is expensive because it takes it out of service. There doesn’t seem to be much of a need private equity funds to finance such retrofits when traditional means are already available. It would be very difficult to quantify and predict the cash flow from projected fuel savings because it is highly ship dependent.
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