- Seanergy Maritime Holdings Corp has completed its IMO 2020 compliance plan by installing scrubbers.
- The costs of the scrubber program were borne by the vessels’ charterers under long term time-charters.
- The total investment by the charterers in Seanergy’s vessels exceeded $14m.
- Open-loop U-type scrubbers designs built by Hyundai Materials Corporation of South Korea were fitted.
- The installations took place at Yiu Lian shipyard in Zhoushan, China.
- Sufficient quality of marine gas oil (MGO) at competitive pricing was procured during the second half of 2019 to cover the needs of the five non-scrubber fitted vessels.
Seanergy Maritime Holdings Corp has recently announced that it has completed the installation of scrubbers on half of its owned fleet, writes Lee Hong Liang for an article published in Seatrade Maritime News.
Scrubbers installed on 5 vessels
Seanergy Maritime Holdings Corp has completed its IMO 2020 compliance plan by installing scrubbers on five capesize vessels.
Who borne the cost?
Seanergy said that the costs of the scrubber program were borne by the vessels’ charterers under long term time-charters which were entered into in 2018 and 2019, with the last of these charters commencing on 19 December 2019.
Total investment
The total investment by the charterers in Seanergy’s vessels exceeded $14m. The charterers consist of global commodities traders and utilities companies.
Scrubber design
- The scrubber systems installed by Seanergy are open-loop,
- U-type designs built by Hyundai Materials Corporation of South Korea, and
- The installations took place at Yiu Lian shipyard in Zhoushan, China.
Seanergy CEO on company’s compliance
Stamatis Tsantanis, chairman and ceo of Seanergy said that,
- the completion of the scrubber installations and timely delivery of all ships under the respective period charters,
- as well as the proactive procurement of compliant fuel for all the non-scrubber fitted ships
ensured the successful transition of our company into the new regulatory environment.
MGO procurement
Seanergy procured sufficient quality of marine gas oil (MGO) at competitive pricing during the second half of 2019.
This was to cover the needs of the five non-scrubber fitted vessels for the majority of the first quarter of 2020.
Seamless compliance ensured
Seanergy said the proactive procurement of 0.1% sulphur content fuel oil ensured the seamless compliance of the company’s non-scrubber fitted vessels while providing a hedge against the adverse movements in the price of compliant fuels.
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Source: Seatrade Maritime News
