There’s a shipping regulatory framework starting next year in Europe called Fit for 55, where regardless of the flag and the ship’s ownership, any ship entering or leaving a European port will be subject to EU legislation on shipping emissions. The penalties will be significant. Part of this regulation, in particular, FuelEU, will provide incentives for using WAPS. As a result, if you operate a five-year-old tanker regularly visiting European ports, retrofitting it with sails is more than likely economically worthwhile.¹⁾