Scorpio Bulkers Inc. (NYSE:SALT) (Scorpio Bulkers) announced today that as part of its previously announced program to install exhaust gas cleaning systems across its fleet, it has entered into an agreement with third parties to purchase exhaust gas cleanings systems for 18 of its vessels in 2019 and for 10 of its vessels in 2020.
The total value of these agreements is estimated to be $42.4 million.
The systems that are being fitted are of ‘hybrid ready’ design, which allows them to be upgraded to a ‘closed loop’ configuration at a future date.
As part of the above-mentioned agreement, Scorpio Bulkers also has an option to purchase exhaust gas cleaning systems for up to 18 additional vessels in 2020.
Source: Scorpio Bulkers