The company has secured the scrubber equipment from Hyundai Materials, a well-known Korean manufacturer and has reserved retrofitting slots at an experienced drydock facility in China. The total investment, to be covered by the charterers, is expected to exceed US$12.5 million, including equipment and installation costs.
Stamatis Tsantanis, the company’s Chairman & CEO stated: “We are very excited to announce these commercial agreements which should result in approximately US$12.5 million accretion in our NAV. We believe that the significant investment that will be implemented in full cooperation with our charterers represents a balanced and comprehensive approach towards the new environmental regulations scheduled to become effective as of 1 January 2020.”
