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Vessels have to switch to low sulphur fuel by 2020 and it will be a costly exercise
Nov 28: There is no denying that most vessels will have to switch to a fuel of maximum 0.5% sulphur content in 2020
8The worry for the industry is what the premium of low sulphur fiel will be over the fuel oil price in 2020.
8Anyone considering the scrubber option should be taking steps now to plan a refit as competition for yard space could become critical the nearer you get to the deadline (effectively 24 months away).
8Mass adoption of LNG conversion as an alternative fuel is a possibility though for many analysts, it is off the menu for several reasons.
8The only area that there is unanimous agreement is that the changeover is going to be costly for all interested parties.
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