Monaco- based delivery team Scorpio is going all-in on exhaust gas scrubbers in to get to follow the IMO’s 2020 sulphur cap.

Both Scorpio Tankers and also Scorpio Bulkers on Monday revealed strategies to set up scrubbers on a consolidated 146 vessels, consisting of all 56 mass vessels in Scorpio Bulkers’ fleet and also 75 added vessels Scorpio Tankers’ fleet. Scorpio Tankers currently has in location arrangements to set up scrubbers on 15 of its vessels, bringing its overall scrubber matter to 90.

In both instances, Scorpio has actually become part of letters of intent with vendors, design companies and also ship repair work centers covering the acquisition and also setup of the systems at a price of in between $1.5 and also $2.2 million per vessel.

Scorpio Bulkers claimed it will certainly set up the systems on significantly every one of its possessed and also rented Kamsarmax and also Ultramax mass vessels, totaling up to 56 vessels amount to. The insallations are anticipated to be finished in between the 2nd quarter of 2019 and also the 3rd quarter of 2020.

“Having cautiously and patiently evaluated various risks associated with this disruptive change to our industry, we are now confident that substantial savings can be realized and that- with this investment in our vessels- our fleet will remain the most competitive in our marketplace,” claimed Emanuele Lauro, that works as Chairman and also CHIEF EXECUTIVE OFFICER of Scorpio Bulkers.

Scorpio Tankers will certainly set up scrubbers systems on every one of its continuing to be possessed and also funded rented LR2, LR1, and also MR vessels, consisting of roughly 75 added vessels. With the LoIs, Scorpio prepares to have actually scrubbers set up on a total amount of roughly 90 vessels in its 109-vessel fleet. The business claimed setup of the scrubbers systems are anticipated to be finished in between the 2nd quarter of 2019 and also the 2nd quarter of 2020.

Emanuele Lauro likewise works as Chairmain and also CHIEF EXECUTIVE OFFICER of Scorpio Tankers.

“We have long maintained that the IMO 2020 regulations are both disruptive to the shipping industry generally as well as a powerful demand catalyst for product tankers,” Lauro commented. “Although many well-capitalized and publicly-listed shipowners can source capital and publicize their intentions to pursue Scrubbers, most of our industry cannot, and will rely on cleaner fuels to the benefit of ton-mile demand for product tankers. Irrespective, our focus remains on operating the most competitive fleet in our marketplace, and this has led us to carefully evaluate and ultimately opt for the benefits of fitting hybrid-ready scrubbers on approximately 90 ships in our fleet.”

Scorpio prepares for in between 60-70% of the expenses connected with the scrubbers will certainly be funded.

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