Lloyd’s Register (LR) has launched a Sulphur 2020 – Options Evaluator to help the industry identify the best strategy for compliance with the global sulphur in fuel oil limit of 0.5 per cent m/m, which comes into effect on January 1, 2020.
The Options Evaluator clarifies potential cost and investment implications tied to various compliance strategies in meeting the new sulphur limit.
While there is no clear strategy to compliance, the online tool takes into account trading patterns, distance of voyages, speed, size, and type of vessels, enabling shipowners and operators to compare compliance strategies and assess which is most suited to their operations.
The Options Evaluator reviews emissions output and compares different CAPEX and OPEX implications of each option for compliance, including the transition from fuel oil to MGO, use of scrubbers and HSFO or use of other compliant fuels such as LNG or Methanol.
Douglas Raitt, Regional Consultancy Manager Asia, LR said: “2020 is around the corner and to date it appears 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 to 2020 compliance.”
Justin Murphy, CEO International Bunker Industry Association, added: “IBIA is fully involved at IMO on all matters marine fuel related and for years has been the voice of the industry pushing for practical regulations whichever options 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 at www.lr.org/en/sulphur-2020-options-evaluator.