Eagle Bulk braced for changing trade patterns in 2020
A handful of major publicly listed owners are betting on scrubbers to make a profit through the 2020 sulphur cap. That bet comes with specific considerations, however, because heavy sulphur fuel oil will not be available everywhere, as Eagle Bulk Shipping chief executive Gary Vogel admits. Nonetheless, the opportunity cost is still lower compared with expensive compliant fuels
The supramax and ultramax leader reversed 2017’s losses to generate a $12.6m profit