Shipowners should not need finance for scrubbers, says Citi's Parker
Regulations dictate business decisions, but financing facilitates their execution. At the Lloyd’s List 2019 Outlook Forum, Citigroup’s Michael Parker questioned shipowners who rely on external financing for scrubber installations and gasped at those who thought the global sulphur cap would be delayed beyond 2020
Seasoned financier argues that environmental first movers in the shipping industry will reap the rewards as societal norms are evolving
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