Chemical tanker owner Odfjell said it will not invest in exhaust gas scrubbers to comply with IMO's sulphur cap from 2020 but instead buy clean fuel which meets the new standards, Reuters reported.

"Our conclusion for the moment is that it does not make sense for Odfjell (to install scrubbers)," chief executive Kristian Morch said at Pareto Securities' 25th Oil & Offshore Conference on Thursday.