Seanergy Maritime urges owners to pass on cost of scrubbers to charterers

Seanergy Maritime has urged shipowners to not tacitly accept the cost of scrubbers as it closing on a deal for charterers to pick the bill for installing exhaust gas cleaning systems to its vessels.

The Greek dry bulk shipowner revealed at 4th annual Naftemporiki shipping conference

that was close joining many other large vessel owners in retrofitting scrubbers to its ships to meet the requirements of the 2020 0.5% sulphur cap.

Stamatis Tsantanis, ceo of Seanergy Maritime told the conference the Nasdaq-listed company is to install scrubbers on most of its 10 capesize bulkers, with the financial backing expected from its charterers. "We are in agreement with many charterers to foot the bill, for a large part of the total," said Tsantanis, though no final agreement is understood to have been reached, but the company is in the process of striking one.

"We shouldn’t be tacitly accepting that [scrubber] costs be transferred to the shipping community," Tsantanis said, urging fellow shipping executives to make common cause vis-a-vis charterers on the issue.

Who pays for the cost of complying with the sulphur cap is a controversial issue with major container lines drawing the ire of shippers and freight forwarders over plans for new additional bunker charges to pass the costs on their customers.

Read more: Maersk Line in new fuel surcharge to recover $2bn in extra costs from 2020 sulphur cap

ONE, OOCL and APL say shippers must pay additional costs of sulphur cap

Posted 05 October 2018
David Glass

Greece Correspondent, Seatrade Maritime