It is little surprise to learn from scrubber manufacturer Yara Marine Technologies ceo Peter Strandberg that “business is fantastic” at the moment given the rush ahead of IMO 2020, but he also believes the product has a more long term future in the marine sphere.
A new independent study conducted by Netherlands-based CE Delft has found negligible environmental impact from accumulated scrubber wash water in ports, the Clean Shipping Alliance (CSA) 2020 has highlighted.
Matson, Inc. has announced that it has begun installing scrubbers on six of its vessels in its Hawaii and China-Long Beach Express services as part of its strategy to reduce emissions in line with the upcoming IMO 2020 regulation.
The business case for retrofitting scrubbers will eventually “disappear” as the price spread between high sulphur fuel oil (HSFO) and low sulphur fuel oil (LSFO) will keep on narrowing, according to Drewry Maritime Research.
As much as 16% of the global containership fleet by vessel count and 35.7% in terms of capacity have been equipped with scrubbers as at end-May, seven months ahead of the implementation of the IMO 2020 regulation, according to Alphaliner data.
Star Bulk Carriers is continuing to expand acquiring the fleet of 11 vessels owned by Delphin Shipping LLC for $139.5m in a cash and equity deal.
The IMO sulphur cap is fast approaching, and all vessels will need to limit their sulphur emissions to 0.5 per cent from the current limit of 3.5 per cent on 1 January 2020. Shipowners and operators fundamentally have three viable options in order to comply with this new regulation; to burn low sulphur bunker fuel oil (LSFO) instead of the current high sulphur fuel oil (HSFO); to continue to burn HSFO and install a scrubber in the vessel’s funnel to remove the sulphur before the exhaust is released into the atmosphere; or to install engines that burn LNG instead.
When Hapag-Lloyd unveiled its ‘Strategy 2023’ towards the end of last year, it was based on the premise that the container shipping market’s rush of consolidation is over.