ShippingWatch

Torm satisfied with USD 90 million scrubber investment despite oil price drop

Despite a major decline in oil prices, it is still good business for Torm to have more than half its ships equipped with scrubbers. The carrier has invested approximately USD 90 million in the technology.

Jesper S. Jensen, SVP and head of Torm's Technical Division. | Photo: PR-foto Torm

The financial gains have become markedly smaller and the payback period several years longer.

Still, tanker shipping company Torm is highly satisfied with having spent around USD 90 million on installing exhaust-cleaning systems on 44 product tankers.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs