ShippingWatch

Shipowners' scrubber bet pays off in start of 2020

The price of low-sulfur fuel has increased significantly in 2020, and shipping companies with scrubbers installed are currently profiting on the price spread between high- and low-sulfur fuel oil. This is necessary in order to back the investment, says a dry bulk shipowner.

Photo: PR / Ultrabulk

Shipping companies with scrubbers installed on their ships are currently reaping the rewards of their investment.

As expected, the price of low-sulfur fuel oil, which ships all over the world started using on Jan. 1, 2020, has increased significantly, while traditional, more sulfurous fuel has gone down.

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