All eyes on next marine fuel deadline
March 1 cut-off will see ban on carriage of high sulphur fuel oil by ships not fitted with scrubbers; industry also faces issues over sediment from some fuels
SO FAR, so good seems to be the general consensus a month after the International Maritime Organization (IMO) 0.50 per cent sulphur in fuel limit came into force for the global fleet.
One group of shipowners should particularly pleased: those who fitted scrubbers in the run-up to the deadline and so can continue to burn high sulphur fuel oil (HSFO).
They took a financial risk but it seems they are reaping the rewards. Vessels fitted with the abatement technology are commanding high, reportedly sometimes very high, charter
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan