Euronav CEO brands sulphur cap the ‘worst’ legislation

Paddy Rodgers of Euronav says the sulphur regulation due to be enforced from January 2020 is the worst piece of legislation he has seen, while Goldman Sachs believes that investing in scrubbers may be practical only for larger ships as the prices of low- and high-sulphur-content fuels converge. The predicament for owners is made more precarious by the impossibility of predicting the availability and relative price of compliant fuels.