Economou’s TMS Group signs scrubber deal for 53 vessels

George Economou’s TMS Group has signed a major deal with South Korean equipment company Panasia to acquire scrubber systems for its fleet.

Under the agreement, Panasia will supply its PaSOx De-Sox scrubber systems to a total of 53 vessels owned by TMS Tankers and TMS Bulkers. The total value of the contract is KRW75bn ($67m).

With less than 18 months to go until the IMO-mandated sulphur cap comes into place, more shipowners have chosen to install scrubbers for their fleets. Recently, major owners including Frontline, DHT and Spiethoff have all signed contracts to install scrubber systems on their ships.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.


  1. The question is whether the recent surge in scrubber adoption is driven by economics or a sign that owners have no confidence in the quality supply of distillates immediately after 2020.

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