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Star Bulk faces costs in Q1 2019 due to scrubber installations

Greek shipping firm ‘Star Bulk Carriers’ announced its Q1 2019 financial results, presenting a net loss of $5.3 million during a challenging and seasonally weak period of the year, which included approximately 300 off-hire days for scrubber installations. 

BIMCO, Intertanko publish Q&As for ships with scrubbers

BIMCO and Intertanko have jointly published Q&As addressing the contractual implications owners and charterers consider when chartering ships fitted with scrubbers. The Q&As highlight the key charter party clauses and concepts which should be analyzed for both time and voyage charter parties.

Union of Greek Shipowners applauds progress made at MEPC 74

The Union of Greek Shipowners applauds the progress made by the Marine Environment Protection Committee (MEPC 74) of the United Nations International Maritime Organization (UN IMO) with regard to the issues related to the challenges stemming from the implementation of the new 0.5% sulphur limit on marine fuels.

PPR to look into environmental impact of scrubbers washwater

As BIMCO informs, the Marine Environmental Protection Committee (MEPC) 74 agreed to task its sub-committee on Pollution Prevention and Response (PPR) to look into the discharge from open-looped scrubbers, and especially the environmental impact of the washwater. During the meeting, a number of delegations expressed some concerns regarding whether a scrubber system could be a more favourable treatment of ships equipped with a scrubber system.

Overview of MEPC 74 outcome

The 74th session of the IMO’s Marine Environment Protection Committee (MEPC 74) took place on 13-17 May at IMO headquarters in London, with key environmental subjects on its agenda, aimed at supporting the IMO strategy on reduction of GHG emissions from ships and the implementation of 2020 sulphur cap among others.

Largest cruise ship carrying Japan’s flag to be equipped with scrubber

NYK Cruises informed that the cruise ship Asuka II, the largest cruise vessel carrying the Japanese flag, will undergo works at the Sembcorp Marine Admiralty Yard in Singapore from the middle of January 2020, during which it will be retrofitted with a scrubber. Earlier during 2018, NYK Line had announced that it has secured a USD 80.65 million syndicated loan agreement with MUFG Bank Ltd., with the aim to install scrubbers.

Singapore classifies scrubbers residues as Toxic Industrial Waste

The Maritime and Port Authority of Singapore informed the shipping community that exhaust gas cleaning residues generated by ships are classified as Toxic Industrial Waste (TIW) under Singapore’s Environmental Public Health (Toxic Industrial Waste) Regulations. TIW must be collected and managed by licensed Toxic Industrial Waste Collectors.

DryShips to invest USD100 million in scrubbers and BWMS

DryShips, a Greek shipowner and operator, along with the announcement of its Q1 results, also announced that they will invest up to USD100 million for installing scrubbers and ballast water systems on its fleet. The company unveiled the plans as part of its first quarter of 2019 financial report.

Torm to install scrubbers to almost half its fleet

As Torm is preparing for IMO 2020 compliance, it informed that it has adopted a balanced approach, and it has committed to scrubber installations on 34 vessels. This number amounts to about half of Torm’s fleet. 32 scrubbers are expected to be installed in 2019 and two in the first quarter of 2020, including the delivery of one newbuilding.

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