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Scorpio Bulkers postpones thirteen scrubber orders until at least 2021

13 May 2020

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

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