Star Bulk opts for scrubbers for entire fleet

Star Bulk opts for scrubbers for entire fleet

Greek dry bulk owner Star Bulk Carriers has announced its intention to equip its entire fleet with scrubbers before the January 2020 implementation date for new IMO sulfur emission regulations.

Star Bulk expects average costs, including installation, to be below $2m per vessel and it has secured debt financing to cover up to approximately 70% of the cost while the remaining costs will be covered from operating cash flow and cash on hand.

The company has also secured contracts with some shipyards for the installation of the scrubber systems.

Including the upcoming deliveries, Star Bulk, the largest New York-listed bulker owner, has a fleet of 111 vessels with a total capacity of 12.67m dwt.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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