Stena Bulk has inked contracts to equip 15 vessels in its suezmax and IMOIIMAX fleets with scrubbers and options for a further six units with installation before the 1 January 2020 enforcement date for the global 0.5% sulphur cap. The scrubbers are open loop, hybrid ready, with water cleaning.
“By installing scrubbers, we will be well equipped to meet the 2020 regulation and are protected from price volatility as well as fuel shortage. In relation to market developments, today’s market predictions are attractive in theory and currently seems to be so in practice too, despite there being a couple of parameters that remain uncertain. However, there are opportunities already available today to lock in some of the uncertainty, which might be appealing when looking for a more secure investment,” said Erik Hånell, President & CEO Stena Bulk.
Scrubber orders have seen a sharp pick-up over the last six months with over 1,000 units orders, in particular by owners of larger vessels where the potnetial payback period could be as little as nine months.