As IMO 2020 approaches, how attractive is green shipping for investors?
The implementation of the IMO 2020 regulation is expected to have a number of significant impacts on the shipping industry—and today’s shippers are turning to alternative green fuel solutions to keep up.
Politicians Are Swimming In A Sea Of Scrubber Ignorance - The Shipping Industry Needs To Educate Them
Politicians and voters clearly don’t understand the ramifications of IMO 2020, especially regarding gas scrubbers. The shipping industry needs to educate the wider world. And it needs to start now.
Some in the refinery industry claim that there won’t be much HSFO around after IMO 2020. These claims are nonsensical, and here’s why.
Rumours that the marine gas scrubber market is running out of steam are wide of the mark - especially for those scrubber providers with huge production capacities.
IMO 2020 has placed enormous pressure on stakeholders throughout the maritime industry. It is understandable, then, that debates around the most effective way to comply with the IMO’s new emissions standards have been animated.
The big question on shipowners’ minds has been: what do we do to effectively and affordably meet the new 0.5% sulphur (sulfur) cap?
IMO 2020: When Bigger is Better (Why You Need a Gas Scrubber Manufacturer With Huge Production Capacity)
Everywhere one looks there seems to be a rise in small-scale specialization – micro-breweries, artisanal coffee roasters etc. But, for shipowners hoping to start 2020 with an IMO-compliant scrubber that earns a quick payoff, it is large-scale specialization that ticks the boxes.
Scorpio Bulkers Inc. orders a further 9 scrubbers from Pacific Green Technologies Inc. for a combined value of $13.0m
Scorpio Bulkers Inc. (“Scorpio Bulkers”) has confirmed that it has ordered a further 9 ENVI-Marine™ emission control systems (the “Systems”) for vessels it owns or manages in 2020, at a combined cost of USD$13.0m. The order is on top of the 28 Systems already ordered by Scorpio Bulkers, as announced in December 2018. The Systems that are being fitted are a ‘hybrid ready’ design, which allows them to be upgraded to a ‘closed loop’ configuration at a future date.
Scorpio Tankers Inc. orders a further 14 scrubbers from Pacific Green Technologies Inc. for a combined value of $20.3m
Scorpio Tankers Inc. (“Scorpio Tankers”) has confirmed that it has ordered a further 14 ENVI-Marine™ emission control systems (the “Systems”) for vessels it owns or manages in 2020, at a combined cost of USD$20.3m. The order is on top of the 52 Systems already ordered by Scorpio Tankers, as announced in December 2018. The Systems that are being fitted are a ‘hybrid ready’ design, which allows them to be upgraded to a ‘closed loop’ configuration at a future date.
Scrubber uptake quadrupled in 2018. Around this time last year, just over 500 scrubbers had been installed or ordered. By the end of this year, 3 500 vessels are expected to have scrubbers.
With such radical growth, shipowners are right to have questions about how their scrubber needs will be satisfied. But scrubber suppliers are not made equal.
There are three things every owner should consider when choosing a scrubber specialist. But some don’t.
Critics of open loop scrubbers seem to forget that the technology was specifically accepted by the IMO as a legitimate means of complying with the new sulphur regulations. But their science-denying carping is irresponsible and potentially damaging.