31MAY2019 - NEWS - Star Bulk - Scrubbers on 100% vessels

Star Bulk has embarked on a major scrubber installation program to comply with upcoming IMO 2020 regulations. They are installing scrubbers on 100% of their 120 vessels by 2020, including 101 installations during 2019, 40 of which should already be complete at total scrubber investment of $200M.

If fuel spreads are reasonably strong (i.e., $200+ per ton between compliant-fuel blends and traditional high-sulfur fuels), Star bulk is set to make a killing(relative to peers) in the market during 2020. They acted first and have secured installation berths for nearly the entire fleet, prior to 2020. This is difficult to do with most yards fully booked until at least mid to late 2020 at this point in time.

Published by Editor - www.Livebunkers.com at 31-May-2019 03:50:40 [UTC] , contact editor at editor@livebunkers.com