Scrubber suppliers tie their hopes to surging oil price

Scrubber suppliers such as Pureteq og ME Production took a big hit from the drop in oil price and the global pandemic, which shut down key markets in Asia. A year later, the oil price stands as a beacon of hope for the suppliers.

Photo: PR/ME Production

Only a year ago, scrubber suppliers had entirely full orderbooks and looked forward to a lucrative market for the installation of exhaust gas cleaning systems in the global merchant fleet.

Suppliers such as Pureteq and ME Production were ready to hire new staff on the move towards record results – that is, until the global pandemic arrived like a black swan and threw suppliers into a dramatic struggle in early 2020.

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

Trafigura urges prompt climate regulation of shipping

The legislation of shipping's transition to sustainable production cannot come soon enough, said Transfigura's head of decarbonization at ShippingWatch's conference Tuesday. The industry should work towards regulation to avoid stricter demands in the future.

Further reading

Related articles

Trial banner

Latest news

See all jobs