Shipping’s stark choice: invest in cleaner ships or pay a high price
For an industry that counts every dollar and cent, why are some shipowners apparently prepared to risk money on non-compliance with IMO 2020, and at the same time distance themselves from the funds they will need to build ships in future?
A mere six months before the start of the global sulphur cap, shipping is undergoing a bout of introspection rarely seen before. If the cap itself is cause for concern, then the unwillingness of some owners to take a proactive view on the changes necessary is surely an alarm bell.