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.
