What is happening: 266 ships (2.2 million TEUs) have been fitted with scrubbers, Drewry Maritime Consultants announced on December 11.
Orders: There are also more orders in place for scrubbers in 2019, with carriers choosing to fit them to their larger vessels.
IMO: The new IMO standards on sulfur emissions come into play on January 1, 2020.
Decision: Carriers must decide between fitting ships with scrubbers, or investing in low-sulfur fuel.
Scrapping: Carriers are also scrapping a lot of smaller ships, as the price of a new one is relatively close to the price of a scrubber.
Prices: Fitting a scrubber can take up to six weeks, which could affect availability. These installations could interrupt supply enough to affect prices for shippers.
What did Drewry say: “With time running out, it may have dawned on owners that they can no longer sit on the fence and need to demonstrate that there will be a sufficiently large customer base for HSFO [high-sulfur fuel oil], or else risk losing it as an option altogether.”