Upgrading to reduce bunker expenses by over 5% and allow ships to enter EU and US markets.
First half of 2018 shaped by ‘clearly increasing fuel costs’ and more, says CEO in results release.
Potentially spends up to $140 million in ‘balanced approach’ to tackle IMO 2020 0.5% global sulphur cap.
Company spending $55 million to install Alfa Laval scrubbers on 12 VLCCs by 2019.
New fuel regulations will cost the shipping industry about $60 billion per year, it estimates.
Oil tankers, bulk carriers and containership vessels employ different strategies to meet 2020 compliance.
‘We haven't yet gotten to the point where we feel that's a good use of capital for Scorpio Bulkers,’ says COO.
Shift of volume will come from Singapore market due to stricter policies for marine fuel specifications.
Number of ships with exhaust gas cleaning systems installed or on order at 983 as of 31 May 2018.
Whether Scrubbers or LNG, stakeholders still need to face facts affecting seafarer and vessel safety.
