In a recent development, the Norway-based feeder company Songa Container has announced that they have entered into purchase agreements for scrubber installations on all 15 vessels of their fleet, reports Safety4Sea.
How will it be done?
The installations are due to take place within the course of 2019 and first quarter 2020.
In this regard, much focus will be on the CAPEX program related to the retrofit of exhaust gas cleaning systems (scrubbers). The Company is one of the very few tonnage providers in the container feeder segment able to offer the Liner Operators vessels equipped with scrubbers.
How will it help the company?
“The Company remains firm in its belief that the strategy of installing scrubbers will enable the Company to provide a technically proven, environmentally beneficial, commercially attractive and risk mitigating fleet of container vessels to the Liner Operators for their future business development”, Songa Container said in its Q4 financial results for 2018, where it informed that it entered into the purchase contracts on its fleet on 22 October.
The Outlook Behind This
Due to the very low penetration of scrubber-fitted container vessels in the feeder segment, the Company expects to have a comparative advantage on its fleet compared to its peers.
“Whilst there are still many uncertainties concerning the consequences surrounding the implementation of the IMO 2020 regulation, the Company believes that taking a position to the IMO 2020 regulation by retrofitting scrubbers in a worst-case scenario, represents an opportunity to maximize its fleet utilization.”
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Source: Safety4Sea
