Formosa Plastics Marine Corp (FPMC) is considering selling all of its LR1 product tankers over concerns about the fuel economics of vessels without scrubbers post-2020.
Industry sources said as an initial step the Taiwanese owner is in the process of selling two ships — the Universal Shipbuilding-constructed, 70,500-dwt FPMC P Alpine (built 2004) and Formosa Falcon (built 2005) — for nearly $16.4m
