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Wednesday, March 20, 2019 

Stena Bulk has made a major investment in scrubbers with plans to install units on 10 IMO II MAX tankers, five Suezmaxes and one standard MR ship.

The total investment is said to be around US$55 million, including equipment, installation and time out of service. Payback time of the investment is estimated at between 1,5 and 2,5 years which has already been secured by hedging the fuel spread.

The scrubbers will enable Stena Bulk to comply with the upcoming IMO sulphur cap regulation, entering into force in January 2020. One factor behind the decision is concern over global availability of low sulphur fuel oil.

“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. 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”, said President & CEO Erik Hånell.

The manufacturers of the chosen scrubber system have not been named, but the equipment will be of the open loop hybrid ready type, with water cleaning, which will remove particulate matter as well as sulphur oxides from the exhaust.

In advance of the installations, which are scheduled to be completed before the 1 January 2020 deadline, Stena has been preparing to ensure minimal disruption to its business. Stena Bulk will be employing its digital platform, Orbit, as one of several tools to confirm global supply, thus optimising planning for bunker operations, supporting commercial operation, bunker trading and chartering.

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