Shipping’s scrubber gamble ‘looks like yesterday’s solution’
‘As decarbonisation takes centre stage in any global energy debate, scrubbers are looking very much like yesterday’s solution’, CMA delegates hear
The industry’s $6bn investment in scrubbers was based on an assumed price spread between high-priced low-sulphur fuels and low-priced high-sulphur fuels, but refiners and traders upended that assumption by creating cheap blends