With the 2020 sulfur cap looming, owners are now beginning to make moves toward compliance. Some are opting for scrubbers to curtail emissions, while others see this as a potentially bad decision.

Shipping industry facing the realities. In recent months, we have seen the spot gasoil-HSFO spread widen to around US$400/t from US$330/t back at the start of 4Q19. We believe that we could see ...