Shipowners urged to hedge against oil price spike
Many shipowners are still in denial about the imminent market shock as the IMO’s low-sulphur rules take effect in January 1, 2020, says Enerjen Capital. But the clock is ticking, as the switch to cleaner fuel will need to happen in the fourth quarter and hedging against the risk of a massive oil price hike should begin almost straightaway
Shipping industry faces $100bn hit in worst-case scenario during the switch to low-sulphur fuels, Enerjen Capital warns
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