Genco Shipping & Trading today announced officially an order for 17 exhaust gas scrubbers but will wait to see where fuel prices go before possibly ordering more.
In particular, the New York-listed bulker owner plans to watch the price spread between high-sulphur and low-sulphur fuel oils start to settle next year, chief executive John Wobensmith told TradeWinds.
"It's so dependent on spread and it's so dependent on availability of HFS0," he said after participating in a drybulk sector panel at Capita Link's New York Maritime Forum.
