Scorpio Bulkers has agreed letters of intent with suppliers, engineering firms, and ship repair facilities to cover the purchase and installation of marine scrubbers.
The scrubbers will cover all of Scorpio Bulkers’ owned and finance leased Kamsarmax and Ultramax vessels between the second quarter of 2019 and the third quarter of 2020.
The Scrubbers and their installation is estimated to cost between US $1.5 – $2.2 million per vessel. The company anticipates that between 60-70 per cent of these costs will be financed.
Emanuele Lauro, chairman & CEO said: “We have long maintained that scrubbers could be the right choice for compliance with the IMO 2020 regulations. Having cautiously and patiently evaluated various risks associated with this disruptive change to our industry, we are now confident that substantial savings can be realised and that- with this investment in our vessels- our fleet will remain the most competitive in our marketplace.”