Dry bulk shipowners who have spent big money on exhaust gas scrubbers are happy with the forecasted price difference between IMO 2020 compliant and non-compliant fuels.
The forward market expects a $236 per tonne average cost spread for 2020 between very low-sulphur and high-sulphur fuel oils, six weeks before IMO limit ship exhaust's sulphur content to 0.5%.
High-sulphur IFO380 on Wednesday cost $353 per tonne on average, according to Ship & Bunker, while very low-sulphur oil was priced at $561 per tonne, making for a $208 per tonne difference.
