CRU: Global Sulphur Cap Leads To Higher Freight Rates

The new sulphur cap rule under the recently implemented IMO 2020 will push freight rates up by around 10-20%, says CRU.
CRU estimates that 20-25% of the larger Capesize vessels will have scrubbers fitted by end 2020.
They consider only the difference in freight rates as the variable that will determine the optimal pay-off period.
The IMO regulation will limit sulphur emissions and therefore requires shipowners to consider the options available to comply. Fuel blending will be key to achieving...