Eagle Bulk plans to hold off on signing more contracts of affreightment that go into next year until fuel costs become more clear closer to IMO 2020.
The expected price spread between high-sulphur and low-sulphur fuel oils is just too unpredictable nine months before the seismic switch, chief executive Gary Vogel says.
"At the moment we have no contracts going into 2020 for that very reason but as we get closer we'll be very aware of it," he said today during a fourth-quarter earnings call.
