Emanuele Lauro’s two public shipping companies have revealed a combined $122m investment in scrubbers.

Scorpio Bulkers is investing $42.4m in the exhaust cleaning systems and sibling Scorpio Tankers a further $79.6m, it was announced today.

The New York-listed companies this summer they would fit scrubbers on a number of vessels in an initiative that executives said would run to more than 100 ships.