Ocean carriers are biting the bullet and agreeing charters for significantly higher daily rates as markets tighten ahead of IMO 2020.
The IMO’s maximum 0.5% sulphur content regulation for maritime fuel becomes law in less than 120 days and is widely seen as a ‘game-changer’ for the shipping industry.
Dry docks are said to be “full” of vessels requiring the fitting of scrubbers, and reports are emerging of the installation process taking …

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Source: The Loadstar