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Scoprio Bulkers announces $41 million agreement to finance scrubbers

Scorpio Bulkers announced that it has reached agreements with certain lenders to increase some of the current credit facilities by a total of $41 million to finance the installation of exhaust gas cleaning systems (scrubbers) on certain of its ships. The additional amounts will be drawn upon the installation of the scrubbers on these vessels, and are structured as upsizings of existing credit facilities.

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Baltic Index Council: Index vessels should not be scrubber-fitted

On 27 March, the Baltic Index Council announced its decision on the implications of the IMO 2020 Sulphur Cap for the Baltic Exchange’s timecharter indices. Namely, the Baltic will be adding clarificatory wording to its Capesize, Panamax, Supramax and Handysize vessel descriptions to confirm that the index vessels are not scrubber-fitted. The clarified vessel descriptions will enter into force from 1 April 2019. 

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