When the ship pays back before the owner does

Fuel-saving retrofits on ships can now be paid for by the savings they generate, rather than the shipowner. A new BIMCO contract aims to bridge the gap between those investing in efficiency and those benefiting from it, as reported by Alex Byelyavtsev. DNV's Maritime Forecast to 2050 estimates that a 5,000 teu ship can save up to $2 million annually through modifications like bow and propeller retrofits.