LR launches the ‘Sulphur 2020 – Options Evaluator’ to help industries comply with the global sulphur cap limit of 0.50% m/m, which comes into effect on 1 January 2020, reports Lloyd’s Register.
Clarity on costs
The ‘Options Evaluator’ will give absolute clarity on what the potential cost and investment implications could be, for various compliance strategies, such as the transition from fuel oil to MGO, use of scrubbers and HSFO or use of other compliant fuels such as LNG or Methanol.
No single strategy
There is no clear strategy to comply with, as it is dependent on trading patterns, distance travelled, speed, size and type of vessels. The ‘Options Evaluator’ allows ship operators to compare among different compliance strategies by reviewing the emission outputs and comparing the different CAPEX and OPEX implications of each option.
Just not the one to assist ship owners
LR’s Douglas Raitt, Regional Consultancy Manager Asia, commented: “2020 is around the corner and to date it appears that most operators will transition from fuel oil to gas oil operations to meet the global sulphur in fuel oil limit. Scrubber uptake or LNG and Methanol as a marine fuel are slowly evolving, perhaps as a function of a ‘wait and see’ approach by the shipping industry. We developed the options evaluator to give some guidance to operators who have not yet fully considered their options for 2020 compliance.”
Justin Murphy, CEO International Bunker Industry Association, said: “IBIA is fully involved at IMO on all marine fuel related matters and for years has been the voice of the industry pushing for practical regulations whichever options the industry players choose. This options evaluator tool, one of a number being developed, is an aid that may complement owners’ and operators’ future efforts to develop a compliance strategy.”
The ‘Sulphur 2020 – Options Evaluator’ can be accessed via the link here.
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Source: Lloyd’s Register
