“Our conclusion for the moment is that it does not make sense for Odfjell (to install scrubbers),” Odfjell ceo Kristian Moerch said at an oil and offshore conference on Thursday, Reuters reported.
“First of all our fleet spends around 50% of its time in ports, then scrubbers are pointless, and the second part is that 60% of our revenues are covered by contracts with our customers and they have bunker adjustment clauses,” Moerch added.
In recent months scrubbers have proved a popular option for owners of large tonnage, however, Odfjell operates a fleet chemical tankers, which are small-mid size, and small-sized gas carriers.
The company also believes, as does Maersk, that sulphur should be removed on land by the refiners rather than shipboard.
“Fundamentally I really don’t see why the shipping industry should solve a problem the oil industry have.
“Everything comes back to if you believe this spread of $300 (of high sulphur fuel oil vs low sulphur fuel oil) will stay or not,” he said.