World News
Scorpio Tankers Sees $5,400/Day Premium for Scrubber-Equipped LR1 Tankers
Wednesday February 19, 2020
LR1 tankers equipped with scrubbers are earning as much as a quarter more than equivalent ships without the emissions-cleaning equipment, according to shipping company Scorpio Tankers.
In January the company's LR1 tankers with scrubbers earned $5,400/day more than those without, Scorpio said in a statement Wednesday, against average earnings of $19,000/day for this type of vessel.
Scrubber-equipped LR2 tankers earned $5,300/day more than those without, the company said, against an average of $25,000/day.
Meanwhile scrubber-equipped MRs earned just $2,800/day more than those without, against average earnings of $22,000/day.
In October 2018 Scorpio announced it planned to retrofit scrubbers to the substantial majority of its fleet.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
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