When you look at the container guys, I think at the more we see — we’ve seen a lot of orders also dual fuel LNG. So they are making the same bet. But now, more recently, we’re seeing a lot of people betting on methanol. So that’s certainly a fuel that has now a future because you have seen in enough orders so that the infrastructure will be developed. And then maybe in the future, there will be also orders on ammonia and we’re certainly a party that is interested in that development. So part of the industry, the gas carrier, the container guys, even some dry bulkers and some tankers have met already on some technologies and those technology will exist. The only problem is to produce the green fuels. So I’m not sure there’s going to be a huge rush at some point.
As far as our industry is concerned, the reason why we have such a thin order book is because we didn’t have the market allowing people to go to the shipyards with the cash that they had earned in the market. Now the picture is a little bit different, but the yards have been populated with many orders coming from many segments. And therefore, we see that for the next 2, 3 years, the capacity is constrained. So overall, I think that as I want to say, as always, I think that the industry, in general, the shipyard industry compared to the owners will find a way to produce enough ships when they are required. But it is true that what we are thinking of at Euronav is whether or not there is an advantage to be a leader, i.e., a first-time owner of a particular type of ships in our category.
I mean, it could be a methanol dual fuel. You know that the last order that we placed for Suezmax, they are both methanol and ammonia ready, and we are continuously working with the yard, and we have a joint development program with HHI in particular, to add on to those ships as much technology as we can upon their delivery. So they’re not completely dual fuel ready, but converting them is very likely in the future. But I think that’s very prudent. And at this point, we don’t want to make a bet on a specific field because if you look at the last 18 months, well, 12 months ago, everybody was saying it’s LNG is not going to be anything else. Then suddenly, the wind shift a bit and now you see more order and do a few methanol. And I bet with you that in the future, maybe 2 or 3 years down the road, it’s going to be able to do a few et don’t feel ammonia so.
So putting all your eggs in the same basket is not very prudent. And that’s exactly what we’re not doing at that .
Chris Robertson: Yes. Thanks for that really thorough and thoughtful response to go. As a follow-up, I just wanted to focus on a few of the new building vessels that you have taken delivery of. Can you talk about the fuel efficiency compared to maybe the first gen of the ECO vessels and kind of what rate premiums you’d expect to see on the recent new builds versus maybe a 2015 or 2016 vessel?
