Higher oil prices strengthen investment perspective in scrubbers

2021's higher oil prices mean that it is once again a better business for shipping companies to have scrubbers installed on their  vessels.

Arkivfoto. | Photo: PR/ME Production

The price spread between traditional bunker fuel and low-sulfur fuel oil (VLSFO) has now increased so much that it is once again a solid business for carriers to have a scrubber installed, writes Ship & Bunker.

Oil prices have increased so significantly since the turn of the year that the profitability of having a scrubber is up 46 percent in 2021, reports the media. More specifically, the spread between HSFO and VLSFO increased to USD 115 per mt. Thursday last week, which is an increase form USD 79.5 per mt. at the turn of the year and USD 100.5 per mt. at the end of January.

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