New York-listed dry bulk commodity transportation firm Scorpio Bulkers Inc. on Monday (11 May) said it intends to postpone thirteen scrubber orders until at least 2021.
The company has reached an agreement with its counterparties to postpone the delivery of exhaust gas cleaning systems, or scrubbers, it stated in a financial results report for the first quarter of 2020.
This is expected to delay the payment of between USD 20.0 million and USD 25.0 million of expenditures until 2021 at the earliest.
While Scorpio Bulkers did not specify who the counterparties are, Pacific Green Marine Technologies Inc. in December 2018 entered into a USD 42.4 million hybrid scrubber manufacturing agreement for 28 of Scorpio Bulkers’ vessels, with a second USD 13 million order in 2019.
Related: Scorpio Bulkers, Scorpio Tankers in 23 ‘hybrid-ready’ scrubber order
Related: Scorpio Bulkers rises scrubber installation credit by $41 million
Related: Scorpio Bulkers question scrubber solution
Published: 13 May, 2020
Company spokesman for Torm notes of ‘minor delay’; while scrubber installations of DHT Holdings and Swedish Stena Bulk have been respectively postponed.
Despite IMO’s scrubber discharge guidelines, studies show scrubber washwater and pollutants damage ecosystems and harm wildlife, states ICCT report.
IBIA urges IMO to avoid implementing a ‘one size fits all’ policy for EGCS emission guidelines by requiring relevant evaluations and scientific backings from specific areas.
Scrubber retrofit returns now less attractive due to tightened cash flow from COVID-19 lock-downs and narrowing bunker fuel spreads, reports Reuters.
Surge due to unexpected higher costs and instability of VLSFO aggravated by unexpected black carbon emission issues.
Bunker fuel prices have been unstable since the implementation of IMO 2020 and with it, the premium for scrubber-fitted bulk carriers, says shipbroking firm.
The local bunkering sector has adapted to IMO 2020 requirements and LSFO is now available at more than two earlier locations, notes bunker supplier Trillion Energy.
Claiming USD 108,887.87 for the supply and delivery of 310.00 mt of low sulphur marine gas oil at the Port of Jeddah on or about 23 February 2020.
A sanitisation expert offers Manifold Times a summary of the processes involved in disinfecting a ship together with the equipment and products used in the operation.
‘As the saying goes without people buying things, manufacturing will slow, trade will also slow and shipping movements slows down. It’s a whole chain of reaction,’ says Simon Neo.
Laboratory looking to collaborate with Singapore bunker surveyors to roll out COVID 19 testing service, which has been successfully adopted by land-based industries, to the maritime sector.
Sinfeng Marine Services filed an application to the Court of Appeal to withhold information from the liquidators on October 2019; the appeal was dismissed a month later.
