French shipping line CMA CGM's recent purchases prove there is an obvious winner of the exhaust gas scrubber vs LNG conversion debate in deciding how best to meet the IMO’s 2020 SOx cap.
Oil oversupply and demand worries, as well as recent political unrest have reintroduced both volatility and worries to the oil market (The Week).
In October 2018, oil prices were at a four-year high, but a US embargo on Iran and a resultant shortfall in oil was imminent. To mitigate this deficit, Saudi Arabia agreed to increase production. However, the embargo never happened, and the US change of tack and the resultant oversupply incensed Saudi Arabia and prices collapsed.
For many, memories of the horrific financial crash of 2008 are still raw. However, 2018 forecasts indicate that immediate drastic action is required to avoid such a calamity reoccurring in 2020.
The history of human commerce is littered with warnings about following the herd. One need only look as far back as the most recent stock crash to find evidence of the calamities that ensue when humans panic and act more like lemmings than rational beings.
It's the start of a new year, but the next 12 months are going to move quickly for shipowners who have not yet decided how they are going to meet the International Maritime Organisation’s (IMO’s) 2020 low sulphur deadline. Do they, or do they not, fit exhaust scrubber systems?
PGT executes agreements totalling an estimated $79.6m to supply its ENVI-Marine system for 52 vessels owned or managed by Scorpio Tankers Inc. And has granted options to supply up to a further 28 vessels
PGT is pleased to announce that its wholly owned subsidiary, Pacific Green Marine Technologies Inc. (PGMT), has executed an agreement to manufacture its System for 52 vessels owned or managed by SCORPIO TANKERS INC.
Pacific Green executes agreements totalling an estimated $42.4M to supply its ENVI-Marine system for 28 vessels owned or managed by Scorpio Bulkers Inc. And has granted options to supply up to a further 18 vessels
PGT is pleased to announce that its wholly owned subsidiary, Pacific Green Marine Technologies Inc. (PGMT), has executed an agreement to manufacture its System for 28 vessels owned or managed by SCORPIO BULKERS INC.
Norway’s DNB Markets has published an in-depth report on scrubber uptake across the shipping industry and is forecasting the technology add-on to vessels is a good investment and should pay back in less than 18 months after the global sulphur cap kicks in on January 1, 2020.
We noticed an interesting article by Dale Wainwright in Tradewinds recently...
The International Maritime Organization said it approved on Friday an amendment that would ban ships unequipped to strip sulphur from carrying high-sulphur fuel from 2020 - when new sulphur-content limits come into effect.