IMO deadline-I: Should Indian vessels invest in scrubbers?
One of the most hotly debated subjects in the shipping markets this year has been the approaching IMO global sulphur cap of 0.5% on marine bunker fuels in 2020 and whether a shipping company must make an investment in putting in scrubbers as a result. 8The technology however is largely unknown and unproven. Just around 450 vessels have scrubbers installed - less than 1% of a global merchant fleet of around 60,000 ships. 8The costs of installation are also sizable, at around $2.7 million mark for an open loop scrubber on a newbuild VLCC, 8The costs for a retrofit could be considerably higher, depending on the ship’s specification. 8But then crude tankers with scrubbers are now eliciting higher price premiums from charterers. 8So what should an Indian operator do? Click on Reports to know more