Coronavirus Outbreak Pushes Bunker Spread Record Low and Scrubber Premium Fall!

  • Q1 saw record low bunker spread and scrubber premium sliding.
  • Bunker price differential to end the quarter at $79/mt (Rotterdam prices on March 31st).
  • Scrubber premium declined sharply over the course of the first 3 months of the year and ended the quarter at $2,699 for capesizes and $1,319 for panamaxes.
  • Scrubber installations planned for the balance of 2020, will increase the total number of scrubber ships to about 3,500 by the end of the year. 
  • Coronavirus outbreak has shrunk bunker spread...

http://mfame.guru/coronavirus-outbreak-pushes-bunker-spread-record-low-and-scrubber-premium-fall/

Amidst Chaotic Yards & VLCC Spot Market Boom, DHT Postpones Scrubber Retrofitting

In a major development, VLCC owner DHT Holdings has announced that they are planning to postpone six scrubber retrofit projects given the booming VLCC spot market, says an article published in Seatrade Maritime News. 

Retrofitting Chaotic Yards

Giving an update on DHT’s scrubber retrofit projects during its third quarter earnings call co-ceo Svein Moxnes Harfjeld said that the company had completed scrubber retrofits on eight of its vessels with two more currently in the yard expected to be...

http://mfame.guru/amidst-chaotic-yards-vlcc-spot-market-boom-dht-postpones-scrubber-retrofitting/

Scrubber Retrofit Activity Increases Inactive Box Ship Numbers

Scrubber Retrofit Activity Continues to Lift Inactive Box Ship Numbers, reports Ship & Bunker.

Inactive containership fleet 

The number of inactive box ships is continuing to lift the number of inactive containerships, Alphaliner said this week.

At present, 25 units totalling 277,611 TEU of capacity are undergoing scrubber retrofits.

Alphaliner says it counts ships undergoing GR including scrubber retrofit as inactive only from day 30, so a further 20 units have not yet entered the inactive count.

In...

http://mfame.guru/scrubber-retrofit-activity-increases-inactive-box-ship-numbers/

Scrubbing Up for 2020!

There are twice as many scrubbers in the passenger ship segment compared to the overall shipping market, with another surge in orders expected once the sulphur cap comes into force, reports Riviera Maritime Media.

Scrubbers in Passenger ships

Passenger ships were among the first to install scrubbers ahead of the stricter emission control areas in Europe coming into force in 2015.

This regulation laid down that EU nations should ensure ships in the Baltic, the North Sea and English Channel use...

http://mfame.guru/scrubbing-up-for-2020/