Scrubber Fitted Tanker Fleet Too Large To Gain Advantage

Seascope’s estimate of scrubber-equipped VLCCs in mid-2020 equates to a quarter of the VLCC fleet.
124 VLCCs are estimated to be retrofitted with scrubbers in 2019 or 2020, on top of the 50 newbuilding VLCCs that are due to be delivered with scrubbers.
By mid-2020 a scrubber-fitted VLCC could turn up in the Middle East Gulf and compete directly with other scrubber-fitted VLCCs, than being the unique option.
In the Suezmax fleet, estimate is that, the scrubber take up will be close to 20%,...