Recent VLCC deals struck by European owners have underscored weakening premiums for scrubber-fitted tonnage in the period charter market.
While shipowners have spent millions of dollars installing exhaust gas cleaning kits on their vessels in hope of lower fuel costs, the ongoing oil price war and the coronavirus pandemic appear to be dashing those hopes.
According to market sources, Zodiac Maritime recently chartered the non-scrubber 298,522-dwt White Nova (built 2006) to Koch Industries for six months at $77,500 per day.
