Eagle Bulk Shipping still considers exhaust gas scrubbers to be a worthy investment, despite spending millions to cash in on fuel price spreads that fell well short of expectations.

Dozens of shipowners rolled the dice last year as IMO 2020 neared, expecting to save about $300 per tonne on bunkers by using high-sulphur fuel oil (HSFO) with scrubbers instead of very low-sulphur fuel oil (VLSFO).