FreightWaves to shipping analyst: “So, we’re doing a follow-up story about IMO 2020 and scrubbers …”
Analyst to FreightWaves: “Oh, Jesus.”
IMO 2020 is the Y2K of ocean shipping. After years of dire warnings on fallout to world trade — and dubious pitches on stocks poised to profit — the IMO 2020 regulation ended up being a damp squib. What went so wrong with all the forecasts? And is this story really over for vessel owners, cargo shippers and stock investors?
The short answers are “coronavirus”...