Wallenius Wilhelmsen sets aside $140m for 20 more scrubber retrofits

Wallenius Wilhelmsen sets aside $140m for 20 more scrubber retrofits

Wallenius Wilhelmsen Logistics has become the latest big shipping brand to commit to major scrubber investments ahead of the 2020 global sulphur cap on shipping fuel.

Contained in its second quarter results, the Scandinavian car carrier giant revealed it has set aside up to $140m to retrofit a further 20 ships with scrubbers in the coming four years. Wallenius Wilhelmsen had earlier committed to retrofit an initial five vessels across its 130-strong fleet.

“Implementation of the IMO 2020 0.5% global sulphur cap represents a challenge and risk for the shipping industry, with fuel costs expected to increase about 50% combined with a lack of clarity around availability and quality of fuels,” Wallenius Wilhelmsen stated in its quarterly report.

Wallenius Wilhelmsen estimates each scrubber retrofit will cost between $6m and $7m.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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