US owner Genco Shipping & Trading has confirmed it plans to install exhaust gas cleaning systems on its 17 capesizes.

It also revealed options to install the scrubbers on 15 smaller bulkers in its fleet.

But it said: "The balance of the fleet is expected to consume compliant, low sulphur fuel beginning in 2020, when new environmental regulations come into effect capping sulphur emissions at 0.5%,