Wärtsilä, CME Offer ‘Scrubber Finance’
In a move intended to help ease the financial burden on shipowners seeking to install scrubber systems to meet sulphur emissions legislation, Wärtsilä and Clean Marine Energy (Europe) Ltd. (CME) have signed a collaboration agreement that will provide a funding solution to drive the uptake of exhaust gas cleaning technology. The financing solution, similar to those in the building environment space, enables a shipowner to repay the cost of the scrubber system installation via a fuel adder, i.e. a fuel premium on the price of heavy fuel oil (HFO) by which the shipowner repays the cost of installing the scrubber. This provides a return from the differential between HFO and marine gasoil (MGO) for a period of four to six years, depending on price spreads.
Wärtsilä, Clean Marine Energy Offer "Scrubber Finance"
Wärtsilä and Clean Marine Energy (Europe) Ltd (CME) today announced the landmark signing of the shipping industry's first collaboration agreement that will provide a convenient funding solution to drive the uptake of exhaust gas cleaning technology. The move is intended to ease the financial burden on ship owners seeking to install scrubber systems in order to meet sulphur emissions legislation. The financing solution, similar to those prevalent and proven in the building environment space, enables a ship owner to repay the cost of the scrubber system installation via a fuel adder, i.e. a fuel premium on the price of HFO by which the ship owner repays the cost of installing the scrubber.
