November 30th, 2018

IMO 2020 related off-hire

Cushion for fleet growth

Scrubber retrofitting and cleaning of bunker tanks for low sulphur fuels is likely to mean significantly higher than usual off-hire days in 2019 and 2020. VLCCs and Suezmaxes are the most likely candidates for retrofitting scrubbers. The additional off-hire is likely to cushion the impact of supply growth for these vessels over the next two years.

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