Ship Finance International Opts for Scrubbers for Fuel Savings Benefit


According to an article published in the Shipping Herald, Ship Finance International has reached an agreement to install exhaust gas cleaning systems (EGCS) on a total of seven containerships.

The deal, agreed with an undisclosed customer, includes ships ranging in size from 8,700 to 10,600 TEU.

Ship Finance’s Outlook

“We have recently increased the backlog by more than USD 160 million in connection with scrubber upgrades and the related charter adjustments to container vessels. And additional several vessels will be upgraded with scrubbers paid for by our customers,” Ole Hjertaker, Ship Finance International CEO, said.

Benefit of Fuel Savings

“Some of this is with a profit share feature, where we will receive a part of the benefit in fuel savings for vessels with scrubbers, which is not reflected in the backlog,” Hjertaker added

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Source: Shipping Herald