Scrubber Retrofitting

Scrubber Retrofits ‘Three Times’ Cheaper Than LPG Engines

  • Upgrading the VLGC main engines to dual fuel technology using LPG would cost more than three times that of retrofitting scrubbers.
  • The readily available and lower-priced 3.5% HSFO only requires scrubbers on ships and does not need operational changes.
  • The 0.1% and 0.5% low sulphur fuel oil will require tank cleaning, which is not readily available and has no ISO standard.
  • Alternative fuels such as LNG, LPG and ethane, require newbuilding, or can be used with engine retrofitting for dual fuel.

D...

https://mfame.guru/scrubber-retrofits-three-times-cheaper-than-lpg-engines/

Containership Charter Market Witnesses A ‘Tumultuous’ Year

  • Containership time-charter markets have, with few exceptions, experienced a rollercoaster ride since the start of 2020.
  • Starting with where the recovery has been strongest, among midsize and larger assets, there are several clear drivers of the strong markets seen over the past month.
  • Liner companies were clearly incentivised to capitalise on high spot freight rates as much possible during the recent transpacific import surge.
  • Units chartered for short durations during the transpacific import...

https://mfame.guru/containership-market-witnesses-a-tumultuous-year/

Major vessel Owner’s Reposition Fleets for Scrubber Installation

There has been a significant switch in trading basins as companies bring dry dockings forward to equip their vessels with scrubbers, reports Riviera Maritime Media.

Eagle Bulk Shipping  earnings report

Public shipping company Eagle Bulk Shipping owns 45 dry bulk carriers. In reporting the company’s second quarter results, Eagle Bulk’s chief executive officer Gary Vogel referred to an unusual displacement of the fleet in 2019 between the main trading basins.

“We currently have a greater percentage...

http://mfame.guru/major-vessel-owners-reposition-fleets-for-scrubber-installation/

MPC Banking on Scrubbers Retrofit Charter Rates Boost in the Second Half

According to an article published in the Loadstar, an IMO 2020-driven recovery in time charter rates for container tonnage has only recently filtered through to the smallest sized segment says the feeder ship owner MPC Container Ships.

Charter Rates Recovery
  • This Oslo-listed shipowner posted second-quarter results revealing a net loss of $4.4m for a total loss of $9.6m in the first six months of the year.
  • The negative result came from a total revenue of $58m in the first half, earned from MPC’s...

http://mfame.guru/mpc-banking-on-scrubbers-retrofit-charter-rates-boost-in-the-second-half/

Alphaliner Says That Compliant Fuel Spread Goes in Favour of Scrubbers

According to Alphaliner, the decision by shipowners to invest in retrofitting their vessels with scrubber systems in order to comply with IMO 2020 appears to have been vindicated, reports the Loadstar. 

Spread Difference of HSFO & LSFO

The spread between the cost of heavy fuel oil (HFO), currently consumed by ships in most of the world’s sea lanes, and the 0.5% low-sulphur fuel oil (LSFO), that will be burned by the majority of vessels for compliance with IMO 2020 is becoming clearer, said the...

http://mfame.guru/alphaliner-says-that-compliant-fuel-spread-goes-in-favour-of-scrubbers/

Scrubber Retrofit Delays Indicated Ahead of IMO 2020

Shipowners are reporting that their scrubber retrofit programmes are taking a lot longer than expected, reports Ship & Bunker.

Taking longer? How long?

Scrubber retrofit programmes are taking a longer time than expected, complains shipowners. 

In some cases completion dates are pushing back until after January 1, 2020, the start date of the new IMO 2020 global 0.50% sulfur cap.

Few owners reporting delay

Among those reporting issues are:

Crude and product tanker owner Diamond S

Three scrubbers that...

http://mfame.guru/scrubber-retrofit-delays-indicated-ahead-of-imo-2020/

Scrubber Fitted Tanker Fleet Too Large To Gain Advantage

  • Seascope’s estimate of scrubber-equipped VLCCs in mid-2020 equates to a quarter of the VLCC fleet.
  • 124 VLCCs are estimated to be retrofitted with scrubbers in 2019 or 2020, on top of the 50 newbuilding VLCCs that are due to be delivered with scrubbers.
  • By mid-2020 a scrubber-fitted VLCC could turn up in the Middle East Gulf and compete directly with other scrubber-fitted VLCCs, than being the unique option.
  • In the Suezmax fleet, estimate is that, the scrubber take up will be close to 20%,...

http://mfame.guru/scrubber-fitted-tanker-fleet-too-large-to-gain-advantage/

Despite Challenges CSBC Completes OOCL Boxship Scrubbers Retrofit

In a major development, the Taiwan’s state-owned shipbuilder CSBC Corp has announced that they have completed an installation of a scrubber into a 13,000-teu containership owned by Hong Kong’s Orient Overseas Container Line (OOCL), reports Seatrade Maritime News, Asia Correspondent, Lee Jong Liang.

About the work
  • The retrofitting job on the large ship took about one-and-a-half months to complete, according to the local news report.
  • The vessel docked on 22 May and the work was completed on 9 July.

http://mfame.guru/despite-challenges-csbc-completes-oocl-boxship-scrubbers-retrofit/

Tanker Owner Uses Norway’s Export Credit Agency for Scrubber Retrofits

A Bergen-based tanker owner is installing scrubbers on its entire fleet using financing from Norway’s export credit agency, reports Marine Propulsion.

What is it?

Inventor Chemical Tankers’ seven 19,000-gt chemical tankers qualify for export credit because they are deployed in foreign trade. Export Credit Norway and its guarantee agency GIEK will provide around US$10M in seven tranches, mirroring the retrofit equipment deliveries to take place over 2019.

How will it be done?
  • Financing is available...

http://mfame.guru/tanker-owner-uses-norways-export-credit-agency-for-scrubber-retrofits/

15 Songa Container Vessels To Be Scrubbers Equipped by 2020

In a recent development, the Norway-based feeder company Songa Container has announced that they have entered into purchase agreements for scrubber installations on all 15 vessels of their fleet, reports Safety4Sea.

How will it be done?

The installations are due to take place within the course of 2019 and first quarter 2020.

In this regard, much focus will be on the CAPEX program related to the retrofit of exhaust gas cleaning systems (scrubbers). The Company is one of the very few tonnage...

http://mfame.guru/15-songa-container-vessels-to-be-scrubbers-equipped-by-2020/