Swedish owner Stena Bulk has signed an agreement with Chinese company Shanghai Bluesoul Environment Technology to install scrubbers on its suezmax and IMOIIMAX fleets before 2020.
The deal will include a total of 15 vessels and options for additional six vessels. The scrubbers to be installed are open loop hybrid ready with water cleaning.
“By installing scrubbers, we will be well equipped to meet the 2020 regulation and are protected from price volatility as well as fuel shortage. In relation to market developments, today’s market predictions are attractive in theory and currently seems to be so in practice too, despite there being a couple of parameters that remain uncertain. However, there are opportunities already available today to lock in some of the uncertainty, which might be appealing when looking for a more secure investment,” said Erik Hånell, president & CEO of Stena Bulk.
Stena Bulk operates a fleet of 103 ships made up of 47 MR tankers, 23 suezmaxes, four shuttle tankers, one aframax, three LNG carriers, 10 post-panamax tankers and 15 small clean tankers.