Exhaust gas scrubbers have apparently given rise to a "Tale of Two Ships" in the capesize sector.
A two-tier freight market has emerged since IMO 2020 came into play on 1 January, as ships with the kits are fetching a premium to those without them.
Scrubber-fitted capes are earning $13,900 per day on a weighted time-charter average, according to brokers, while their kitless counterparts are bringing in $5,900 per day.
