World News
Odfjell Reiterates Scrubber Stance
With scrubber mania having reached fever pitch in recent months, it seems a few weeks is all it takes for a skeptical owner to soften their stance on the once-shunned technology.
Maersk, for instance, having long distanced itself from using scrubbers said in August it may invest in a few units "simply to understand the technology."
This week it said it would now fit a limited number of scrubbers "to ensure compliance in time."
Odfjell, however, this week has taken the opportunity to reiterate its anti-scrubber stance remains unchanged, at least for now.
“Our conclusion for the moment is that it does not make sense for Odfjell (to install scrubbers),” CEO Kristian Moerch was quoted by Reuters as saying at an oil and offshore conference on Thursday.
Mørch last month said a scrubber solution to the new 0.50% sulfur cap on marine fuel “intuitively doesn’t make sense."
The new "IMO 2020" rule comes into effect on January 1, 2020.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
Popular Now More
-
Apr 23The ship had come to Singapore from St Petersburg. -
Apr 22The 46,000 DWT MR2 chemical tanker Green Land was arrested at about 3:30 PM on April 17. -
Apr 22Iranian fuel oil has been widely reported to have been resold in the bunker markets of ports in the region for years, as well as being exported further afield.