Scrubbers Financing

Banks, Private Sectors Show Sudden Interest in Scrubbers Financing

This file photo shows FSS Gov. Yoon Suk-heun. (Yonhap)

Last Friday,  South Korea’s financial regulator announced that they will encourage private banks to increase ship financing, as part of its efforts to improve the financial health of local shipbuilders, reports Yonhap News Agency.

The Backdrop of this

A month back it came to the limelight that some of the factors that make scrubbers an attractive investment for the shipowner are actually a disincentive for financiers. That is according to Avantis Marine chief executive Barry Bednar, one of the...

http://mfame.guru/banks-private-sectors-show-sudden-interest-in-scrubbers-financing/

Scrubber Installations Focus On Large Vessels


  • Just 10pc of the global shipping fleet have scrubbers to reduce air pollution.
  • Of the existing fleet, 509 vessels have been fitted with scrubbers and 1,189 vessels are pending retrofit.
  • Estimate is that dry bulk carriers without scrubbers will be paying 56-68pc more for MGO.
  • Depending on deadweight tonne, dry bulk carrier without a scrubber would pay extra for MGO each day.
  • Scrubbers can be afforded by financing it as a long term charter agreement, as most banks do not finance a scrubber...

http://mfame.guru/scrubber-installations-focus-on-large-vessels/

86 MSC Scrubbers Gets US$439m SINOSURE- Backed Financing

In a major development, Watson Farley & Williams has advised BNP Paribas to coordinate with bank and agent together with a syndicate of four other banks as lenders, in connection with a US$439m SINOSURE-backed financing of 86 exhaust gas cleaning systems for the MSC Mediterranean Shipping Company SA group, says a press release published on their website.

The Purpose of the Loan

The loan will be used to finance the manufacturing and installation of the scrubbers on board 86 container ships...

http://mfame.guru/86-msc-scrubbers-gets-us439m-sinosure-backed-financing/