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BIMCO: Share of ships with scrubbers seen rising despite 24% fall in fittings in 2022

Percentage of ships with scrubbers is set to increase in the coming years as 17% of the dry bulk, container, and tanker ships in the shipyards’ order books are expected to have scrubbers installed.

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International shipping association BIMCO on Wednesday (15 March) published a market report elaborating that the share of ships with scrubbers is expected to increase in the coming years despite a drop in installations:

Scrubbers were installed on 399 ships in 2022, a fall of 24% y/y, and currently 13% of bulker, container, and tanker ships have a scrubber installed. Despite the slowing rate of installations, the share of ships with a scrubber is set to increase in coming years as 17% of ships in the shipyards’ order books are expected to have a scrubber installed.

Since 1 January 2020, ships have had to use ultra or low sulphur fuel (eg ULSFO or VLSFO) to comply with limits for sulphur emissions. However, ships can continue to use the less expensive heavy fuel oil (HFO) if they install a scrubber. But the price premium for VLSFO has turned out to be less than initially estimated.

On 31 December 2019, the day before the new IMO regulation was implemented, the price premium for VLSFO in six of the world’s largest bunkering ports averaged USD 347/tonne. Since then, the premium has averaged USD 149/tonne. It has been as low as USD 50/tonne for an extended period during 2020 and as high as USD 400/tonne during June/July 2022.

The higher the VLSFO premium, the more attractive the investment in a scrubber is because the payback period is shorter. The lower-than-expected VLSFO premium has likely discouraged owners from installing scrubbers, particularly on smaller ships with lower bunker consumption and lower savings as a result.

In fact, the average dry bulk, container, and tanker ship with a scrubber has a deadweight capacity of 140,845 tonnes whereas those without have an average of 51,743 deadweight tonnes. Therefore, the 13% of the dry bulk, container, and tanker ships with scrubbers represents 29% of the deadweight capacity. The crude tanker fleet has the highest installation rate with 32% of the ships and 38% of the deadweight capacity having scrubbers installed.

The percentage of ships with scrubbers is set to increase in the coming years as 17% of the dry bulk, container, and tanker ships in the shipyards’ order books are expected to have scrubbers installed. However, those 17% only amount to 24% of the deadweight capacity in the order book and the scrubber deadweight percentage could therefore decrease.

In the long term, the use of scrubbers to cut sulphur emissions may reduce as decarbonisation efforts will increase the use of alternative fuels that are sulphur compliant.

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Photo credit: BIMCO
Published: 16 March, 2023

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Biofuel

Singapore: Sea Oil Petroleum receives ISCC EU certification, mulls increasing product portfolio

‘Sea Oil seeks to do its part for climate change by giving options to support to our end users,’ says Steve Goh, Head of Trading.

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Singapore-based bunker trading firm Sea Oil Petroleum Pte Ltd (Sea Oil), a wholly owned subsidiary of Thailand-listed Sea Oil Public Company Limited, has received International Sustainability and Carbon Certification (ISCC) EU certification, learned Manifold Times.

ISCC EU is a certification scheme that verifies compliance with the sustainability criteria for biofuels and bioliquids within the European Union. It ensures that biomass and biofuels used in the EU meet specific environmental and social requirements, including greenhouse gas emission reductions and traceability throughout the supply chain.

The milestone, which took place on 22 May after two months of processing, was reflective of the company’s aim to expand its bunker fuel product offerings to clients seeking sustainable solutions, Steve Goh, Head of Trading at Sea Oil, told the bunkering publication.

“It is important for the bunkering sector to remain relevant, adapt, and play an active role in supporting shipping’s decarbonisation journey,” said Mr Goh while adding that, “this is in line with our group’s green initiative and sustainability drive.”

“As such, Sea Oil seeks to do its part for climate change by giving options to support to our end users.

“By achieving ISCC EU certification, Sea Oil will be in a better position to provide green marine fuel solutions to customers embarking on this journey towards net zero.”

Manifold Times in May reported Sea Oil welcoming a Senior Bunker Trader to its team.

The company started 2025 with an expanded team on both international and local fronts.

Sea Oil Petroleum may be reached at: [email protected]

Related: Singapore: Sea Oil Petroleum boosts Asia and international presence with new Senior Bunker Trader
Related: Singapore: Sea Oil Petroleum enters 2025 with international representatives, expanded team

 

Photo credit: Sea Oil Petroleum
Published: 10 July 2025

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Wind-assisted

Anemoi unveils state-of-the-art rotor sail production facility in China

Site boasts an annual production capacity of 250 Rotor Sails, and the option to expand further and store units for fast turnaround.

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Wind propulsion solutions provider Anemoi Marine Technologies on Tuesday (8 July) officially opened its new Rotor Sail production facility in China.

Strategically located on the banks of the Yangtze River, Anemoi’s facility is located in Jingjiang City, Jiangsu Province, within Daming Heavy Industry’s manufacturing base.

The facility provides direct access to port infrastructure, enabling seamless logistics for import, export, and delivery.

With barge transport available on-site, Rotor Sails can be transported efficiently and installed directly at nearby major shipyards, streamlining operations and minimising environmental impact.

“This is more than just a new site,” said Clare Urmston, CEO of Anemoi.

“It’s a fully integrated, end-to-end production hub where every stage, from steel fabrication and precision assembly to rigorous testing and quality assurance, is handled under one roof.

“That means faster turnaround, uncompromised quality, and complete oversight by our expert team, on site, from start to finish. Anemoi’s strategy is quality first and this site enables exactly that.”

With an annual production capacity of 250 Rotor Sails, and the option to expand further and store units for fast turnaround, the new site positions Anemoi to meet surging global demand and support its customers in achieving critical decarbonisation goals.

 

Photo credit: Anemoi Marine Technologies
Published: 10 July 2025

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Milestone

Global Energy Storage Group sells Rotterdam terminal to Tepsa, exits Dutch market

Chooses to sharpen its focus on growth in Asia, particularly its flagship terminal in Port Klang, Malaysia.

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Global Energy Storage Group (GES) on Wednesday (9 July) announced the completion of the sale of its terminal located in the Port of Rotterdam., marking its exit from the Dutch market.

The facility, which includes 212,000 m³ of tank storage and approximately 18 hectares of development land in the Europoort area, was sold to Tepsa, a European bulk liquid and gas storage operator.

The transaction represents a key milestone for GES as it continues to focus its resources on expanding its presence in the fast-growing Asian market, with particular emphasis on its strategic terminal at Port Klang, Malaysia.

It also ensures that the Rotterdam terminal is passed into the hands of a high-quality follow-on owner well positioned to take the asset forward. The transaction also delivers a strong return for GES’s shareholders.

“Part of the investment cycle is realising value from assets at the right time, and we’re confident this was the right moment for GES,” commented Peter Vucins, CEO of GES.

“We are now fully focused on growing our business in Asia, with Port Klang at the centre of that strategy. We extend our sincere thanks to the Rotterdam team and our customers for their support and for maintaining a safe, reliable, and forward-looking operation throughout our ownership.”

With the sale of the Rotterdam terminal, GES no longer holds assets in the Netherlands.

 

Photo credit: Global Energy Storage Group
Published: 10 July 2025

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