IMO 2020 Pricing Strategy Proves To Be Confusing for Shippers

  • An eco ship is a vessel is designed for enhanced fuel efficiency.
  • An eco ship has a higher TCE than a non-eco ship because its fuel consumption is lower.
  • Ships with exhaust-gas scrubbers can continue to use cheaper 3.5% sulfur HFO.
  • Those without scrubbers switched to more expensive 0.5% sulfur VLSFO.

According to an article published in Freightwaves and authored by Greg Miller, determining the spot prices for tankers and bulkers has always been tricky.

New hurdles to rate visibility

Thursday’s...

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