According to CSA2020 Executive Director Ian Adams, industry should not dwell too much on the narrowing fuel price spread, writes Malcolm Latarche for an article published in ShipInsight.
Bunker prices will be distorted!
CSA 2020, the coordinating organization representing scrubber users has issued a statement in support of the technology,
Executive Director Ian Adams said with these unprecedented circumstances, we should not dwell too much on the narrowing fuel price spread.
He added bunker prices will undoubtedly be distorted due to the difficult and challenging post-coronavirus market, exacerbated by the spat between Russia and Saudi Arabia which is culminating in an oil surplus in a market where demand has reached a rock bottom.
EGCS remains the optimal technology
Adams said, reports concerning the narrowing of fuel prices should not be a deterrent to the wider take-up of marine exhaust gas cleaning systems (EGCS).
- The technology remains the optimal, most effective means of meeting MARPOL Annex VI requirements.
- The use of EGCS also avoids the uncertainty surrounding the quality and availability of VLSFO.
Sensible and successful investment
“Existing and new users of EGCS have invested in the technology first and foremost to reduce the impact of sulphur emissions on human health. Indeed, with members of the Alliance reporting that their installations are reducing sulphur emissions down to less than 0.10%, well below the mandatory 0.50%, then their investments can be considered not only sensible but successful.”
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Source: ShipInsight
