Alphaliner reckons liners who have installed scrubbers are poised to cash in on their controversial investments.
Based on the growing price differential between high and low sulphur fuel oil, the container analysts believe exhaust gas cleaning systems are proving to be a smart investment as the price spread between the two fuels has leapt above $200 per tonne this month.
“Current price spreads, if they can be sustained, vindicate some owners’ decisions to install scrubbers on their vessels and thus allow ships fitted with such exhaust cleaning systems to continue using cheaper HFO after January 2020,” Alphaliner stated in its most recent weekly report.
According to Alphaliner data, 57 containerships have already been retrofitted with scrubbers and a further 38 units are currently undergoing retrofitting at shipyards. On top of this, 44 containership newbuildings have been delivered with scrubbers already installed.
Alphaliner estimates that 400,000 teu of shipboard capacity is currently immobilised at repair yards for scrubber retrofitting, sparking a hot charter market for larger boxships.