According to an article written by Bunkerspot’s Emma Broahurst, ADS Crude Carriers has saved $3.6 million since 1 January from its investment in scrubbers.
How did they do it?
According to ADS Crude Carriers:
‘From 1 January 2020 the Company has monitored the cost of VLSFO or MGO (depending on availability) at every bunker port in which it has procured HFO bunker fuel for its vessels.’
Monitoring Bunker at All Ports
The calculations were determined on the difference in price the company would have paid for very low sulphur fuel oils (VLSFO) and marine gas oil (MGO) without a scrubber fitted against the price paid by the company for heavy fuel oil (HFO) for its scrubber-equipped vessels.
The company noted:
‘As at the date of this report, the Company has recognised cash savings of $3.6 million in 2020, equivalent to 30% of its total investment in scrubbers.’
Open loop scrubber systems were noted to have been fitted to the company’s three very large crude carriers (VLCCs) during 2019.
The figures were published in the company’s Q4 report for 2019.
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