Bulker owner Belships has shown its IMO 2020 hand following its takeover by Frode Teigen and the arrival of a new chief executive.

Oslo-listed Belships has inked a deal to hedge the price differential between compliant 0.5% sulphur fuel oil and 3.5% sulphur fuel oil, it told investors today.

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Lars Christian Skarsgard, chief executive of Belships, told TradeWinds: “We feel this is a more efficient and cost-effective way, where we will not have to...