News / Box lines face extra $34bn for low-sulphur fuel if shipowners don't install scrubbers

27/03/2018

Within two years it will be illegal to power a ship with fuel having more than 0.5% sulphur content, unless the vessel is fitted with an exhaust clean gas system, known as a scrubber.

However, according to a new white paper, released by Swedish financial services group SEB, fewer than 2,000 ships out of a world merchant fleet of some 60,000 – 3.3% – are expected to have scrubber systems installed by January 1 2020.

In the report SEB says that, despite the significantly higher cost ...