Dry CargoEurope

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 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.
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