Scrubbers commissioned but not operational before 2020 deadline not sufficient for compliance, say lawyers.
Projects distillate usage in low-sulphur bunker fuels rising from 36% in 2019 to 57% in 2020 for U.S. market.
As dedicated partner for vessels between 7,500 TEU to 15,000 TEU covering all scrubber engineering aspects.
Bunker desk brokered a $200 spread deal on CME Singapore FOB Marine Fuel 0.5% Futures Contract.
Recent bans and negative sentiment expressed in the press has created uncertainty about scrubbers.
Discusses compliance options available to shipping companies and associated funding for consideration.
‘Unfortunate at a time when the shipping industry is working hard to reduce sulphur emissions,’ says Director.
Co-ordinating bank and agent BNP Paribas, together with a syndicate of four other banks, offered loan.
Market advantage of lower heavy fuel oil prices which scrubbers offer for shipowners only temporarily.
Shipowner continued contract with engineering firm after initial retrofit project of two hybrid scrubbers.
