Scorpio Tankers, a pure product tanker company based in Monaco, plans to meet the IMO’s sulphur cap by burning compliant fuels, the company said.
“The demand and fuel-efficiency stories are more relevant to the product tanker segment than the yes/no scrubber
?Scorpio is bullish on the increase in demand for product tankers stemming from the higher demand for LSFO as of 2020.
This is in part due to lack of investment in scrubbers on a global scale as well as companies taking the wait and see approach. What is more, the availability of scrubbers and the pace of their installation cannot nearly cover one quarter of the global fleet by 2020.
Due to the need for greater availability of low sulphur fuel across the globe product tankers are expected to benefit as they would need to transport the cargo to different locations worldwide. This is expected to result in new trade routes and increase the ton mile demand.
“By 2020, if 20 pct of the global fleet uses scrubbers or LNG, the remaining 80 pct would need to comply through consuming compliant fuels,” Scorpio estimates.
“If 75 pct of the needs to be transported by sea, this would increase seaborne refined product exports by 1.9 mb/d (75% of 2.5 mb/d).”
decision,” the company added.
Project Manager - Marine Retrofit
6 年To use compliant fuel ship needs to install Low Sulphur Marine Gas Oil cooler (involve installation cost) to protect their pumps as the viscosity of compliant fuel is less than the recommended range, plus the fuel cost is too high as compare to Heavy Fuel Oil. Its better to go for scrubber, as per our research the payback time is less the a year.?