In a briefing that followed the New York-quoted company’s second-quarter earnings report Benjamin Nolan, an equity analyst at Stifel, argued that many operators are going to have to purchase ultra-low sulphur fuel to comply with the new MARPOL Annex VI.
While many owners with tonnage trading in emissions control areas plan to purchase scrubber systems the forecaster pointed out that installation and testing can take up to two years.
