Photo: Stena Bulk
At the expense of $55m, the Gothenburg-headquartered shipping line will have 16 of its vessels equipped with sulphur air pollution control devices.
The installation will encompass 10 IMOIIMAXes, five Suezmaxes, and one medium range ship. The investment includes not only the equipment, but also installation and time out of service.
Stena Bulk has decided to invest in open loop scrubbers with water cleaning, meaning that apart from excess sulphur also particle matter will be taken from the exhaust gases. In addition, the devices will be 'hybrid-ready' to enable switching to closed loop operations in the future.
According to the company, the payback time of investment will be between one and a half and two and a half years, which has already been secured by hedging the fuel spread.
"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," Erik Hånell, President and CEO, Stena Bulk, commented.
He also said, "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."