IMO 2020 - Alternatives and Investment Case
IMO 2020 - Where are we?
Shipowners
.
.
•
Have done little to prepare
Relies on the refinery industry
Do not see it as their responsibility
Believe they can pass the cost on to the end users
Refineries
.
Unprepared
•
Long lead time (3-5 yrs.)
•
Huge investments $B- not supported by fwd. curve
Uncertainty regarding available crude qualities
Lack of standardization could lead to
"contamination" during blending
•
Comments
Oil companies and Traders have recently been
in the market to secure long term TC's or
ordered newbuildings with Scrubbers
. BP
• Exxon
.
Koch
•
Total
Shell
Vitol
Trafigura
•
S-oil
H
Scrubbers
•
•
Short payback for the larger vessels (0,6 yrs)
Positive reputational effect (green)
Charterers now securing vessels on long TC's
(Maran Tankers recently fixed 5 yrs at 35K/d with Exxon)
HUNTER
GROUP
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