Owner's Dilemma

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Costas Constantinou
Imagine walking into a car rental company in order to take delivery of a car you booked for your holidays. The employee greets you, takes you to the parking space and shows you two identical cars and lets you know that one car burns normal fuel and the other a special type of fuel that not only is it more expensive but also harder to find. Which car would you take if you had the choice? And wouldn’t you pay more for the conventional fuel car? If choosing the conventional car appears reasonable, why should charterers behave any differently when they are faced with a similar choice after the implementation of IMOs regulation for reduced Sulphur emissions in two years’ time?