ShippingWatch

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.

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

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs