Arctic Securities has lowered its 2020 outlook for Songa Containers, based on scrubber retrofit delays caused by the Covid-19 coronavirus.
The Oslo-listed company on Friday said that three ships getting fit with the IMO 2020 kits are being held up at a Chinese shipyard that will remain closed indefinitely under force majeure.
"The three vessels in question are postponed until further clarity of the situation allows for a specified date of re-entry," Songa Containers said in its fourth-quarter earnings report.
