Singapore scrubber ban a victory, says Tsakos CEO

Singapore scrubber ban a victory, says Tsakos CEO
Mr Nikolas Tsakos, president and CEO, TEN. Image courtesy of TEN

The ban of open-loop scrubbers in the port of Singapore is a victory, Mr Nikolas Tsakos, president and chief executive officer, Tsakos Energy Navigation (TEN) and INTERTANKO chairman has said.

During a TEN Q3 2018 Earnings conference call, Mr Tsakos said that the 2020 sulphur cap is a refining problem, not a shipping one. He believes that refiners should provide safe and compliant fuel for ships to burn, with each day generating more proof that quality products will need to be put into the market.

A minute number of shipowners have gone for scrubbers, Mr Tsakos confirmed.

The TEN CEO has previously said he would not be surprised if a ban on scrubbers were to enter into force.

While scrubbers eliminate the risk of bunkering fuel blends that still have many quality and compatibility issues, they do shift the issue of air emissions to the ocean and are therefore not seen as sustainable solutions by some industry players.