Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Scorpio Bulkers delays 13 scrubber installations to 2021

Scorpio Bulkers has delayed scrubber installations on 13 vessels until 2021 as it moves to reduce capital expenditure (CAPEX).

In its first quarter results Scorpio Bulkers said that in April it had agreed counterparties to delay 13 scrubber installations until at least 2021 at no further cost to the company.

“This is expected to delay the payment of between $20m and $25m of expenditures until 2021 at the earliest,” the company said.

Scorpio Bulkers now has five scrubbers being installed in Q2 and one in Q3 2020 with the remaining 13 now scheduled for between Q2 and Q4 2021.

The sharp drop in the oil price, and as result IMO 2020 compliant fuel prices, means that the economics of using scrubbers have been largely wiped out in the current market. Measures to stem the spread of COVID-19 in many countries have also placed limits on some production facilities and shipyards where retrofits are carried out.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.