Shipping and IMO 2020

22nd January 2020

Presented by Flurin Grond and David Morant

This breakfast presentation had the title “Shipping and IMO 2020” and was delivered by David Morant, Managing Director of Scorpio Tankers UK and Flurin Grond of Progressive Capital in Zug who has written the white paper on Shipping. The sector has been un-investable on the long side for the last 12 years as over-supply has driven down returns. The supply side is about to tighten against stable demand. IMO 2020 is a new marine emission standard that will have wide-spread ripple effects and be a catalyst for change. Scorpio have one of the largest shipping fleets in the world and are well ahead of the curve with regard to the new emission rules. Progressive Capital is a Zug-based fund specialising in niche alternative investments.