Tanker operator Stena Bulk has made a major investment in scrubbers and before January 2020 16 units will be installed on vessels in its fleet. The ships include ten IMOIIMAXes, five Suezmaxes and one standard MR.
Stena Bulk said in an announcement that the total investment is $55Mn which includes equipment, installation and time out of service. Payback time of investment is between 18 and 30 months which has already been secured by hedging the fuel spread.
While the manufacturers concerned were not named, Stena Bulk did reveal that the scrubbers would be open-loop hybrid ready with water cleaning, which not only removes the sulphur but also particles from the exhaust.
The fuel availability around the globe from 2020 has now become a concern to many. “We evaluated the different options and came to the conclusion that for our business by installing scrubbers we will secure greater availability of fuel for our vessels and by so limit our exposure to not finding the right fuel around the world and by that stay flexible in our trading. Even doing so we know it will require some changes and probably massive challenges in the planning logistically. We will however prepare ourselves best possible so that we can secure at least the same level of support to our customers as today”, said President & CEO Erik Hånell.