Shipping companies regularly choose conversions to secure existing vessels a new life in another segment which increases the competitiveness of the tonnage. Why is this a sustainable choice?
Conversion projects of offshore Oil & Gas vessels are in demand. On a global basis, an average of 180 vessels are being converted each year. The majority of these conversions are related to tankers and general dry cargo vessels, however, the conversions of offshore vessels have increased after 2014, as a...
https://www.marineinsight.com/shipping-news/what-makes-vessel-conversions-a-sustainable-option/