Eagle Bulk incurred revenue loss from scrubbers in the fourth quarter

The installation of scrubbers on Eagle Bulks' vessels manifested as lost revenue as well as a major bottom-line deficit in the fourth quarter 2019, shows financial report.

Photo: PR / Eagle Bulk

Installation of exhaust-cleaning systems, so-called scrubbers, proved costly for US-based dry bulk shipping line Eagle Bulk.

Not only is the carrier in the process of repaying these scrubber installations, which enable ships to sail on cheaper high-sulfur fuel oil, the installations also meant that parts of the fleet have been out of commission.

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