Shipbroker Richard Fulford-Smith believes large ships built before 2014 face becoming obsolete once the IMO 2020 cap on sulphur emissions takes hold.
Large bulkers that do not have scrubbers, he said, will face uncertainty about what refiners are ready to provide, with dry cargo players more vulnerable than tanker or gas carrier owners.
New direction
"At the end of the day, it's all about where we go directionally in terms of replacing a fleet of ships, which is basically obsolete," he said on the sidelines of the TradeWinds Shipowners Forum Oslo during Nor-Shipping.
