Aurora’s Kenny Rogers roasts ecoships

Aurora’s Kenny Rogers roasts ecoships

The two-tier market for earnings caused by ecoships could come to an end if bunker prices remain low, a senior tanker official has claimed. Speaking at Marine Money’s Singapore Ship Finance Forum, Kenny Rogers, head of chemical transport logistics at IMC’s Aurora Tankers said the two-tier market was still in tact, with ecoships garnering higher rates, but an adjustment was likely.

“This two-tier market where a premium is paid for ecoships will disappear if lower bunker prices remain,” Rogers said.

Speaking on the same panel, Fazel Fazelbhoy, ceo of Dubai-based consultants Synergy Offshore, said: “In the offshore sector there is no premium being paid whatsoever today.” Fazelbhoy was the ceo of UAE OSV giant Topaz through to the end of 2011.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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