About five years ago, Connecticut-based Eagle Bulk Shipping had a tough choice to make in deciding how to cope with the IMO 2020 carbon cap regulation.
The bulker outfit could choose to install exhaust gas scrubbers and keep burning cheaper high-sulphur fuel oil (HSFO), but its fleet might not fit the part.
Dry bulk owners were choosing to install the cleaners on larger capesizes, which spent more time at sea and less in port, just as VLCC owners were opting to do on the tanker side.
