Incoming regulations to cut sulphur emissions from 2020 have the potential to lift freight rates, raise fuel costs, and reduce trading opportunities for less fuel-efficient vessels, according to shipbroker Simpson Spence Young (SSY).
Speaking at a London International Shipping Week event jointly hosted by SSY, bunker supplier Peninsula Petroleum and Bloomberg, SSY consultancy & research senior director Derek Langston said the already significant earnings spread between modern “eco” ship designs and older units will likely widen with the advent of 2020.
