Paddy Rodgers says he doesn't like the idea of following the crowd or the stampede on scrubbers. He tells Tanker Shipping & Trade at the Tanker Shipping & Trade Conference he is seeking greater clarity around the investment and science but does not rule out installing the technology.
He also shares that Euonav has earmarked two of its own vessels as suitable for fuel storage on behalf of the wider Euronav fleet and that “the key to success in tanker the market is simple: be there when the earnings are high. Running a poor fuel consuming ship in a bumper market still makes good money."
The big challenge for 2019 is managing the differentials in fuel oil cost and there will be fuel supply and stability issues. Owners must hold their nerve and not ‘chicken out’ when we get bad days in 2Q 2019.