Scorpio Tankers has struck loans worth $87m to support a vast programme to fit scrubbers on its ships.
It is also in talks to secure an addition $35m in debt to back a $120m project to meet IMO 2020 requirements.
New York-listed Scorpio Tankers revealed the progress as it logged a wider second quarter loss which was slightlylower than analysts on Wall Street had anticipated.
Its second quarter report said the scrubber funding already singed involved seven separate facilities, with the further talks involving a different batch of lenders.
Emanuele Lauro’s Scorpio Group, which also includes New York-listed Scorpio Bulkers, is the largest adopter of scrubbers across shipping.
The equipment is expected to be fitted to 15% by the end of next year, according to Clarksons.
Scorpio Tankers will fit scrubbers on 28 ships in the third quarter and an additional 23 in the final three months of the year, according to details laid out today.
A further 37 Scorpio Tankers' vessels will have scrubbers installed in 2020.
Globally, after Scorpio, Petros Pappas-fronted Star Bulk, Diego Aponte’s MSC, John Angelicoussis and Evergreen are the top five investors in scrubbers, the shipbroker’s data shows.
George Economou's Cardiff Marine, Carnival Corp, Idan Ofer's Eastern Pacific, China Cosco and Greek owner Marmaras Navigation all in the top 10.
The loans were disclosed as Scorpio Tankers booked a second quarter loss of $29.7m in the three months to the end of June, compared with a red figure of $15.2m in the same period of 2018.
Bloomberg placed its adjusted loss of $0.62 per share at two cents lower than analysts had forecast.
