With most ship owners switching to Marine Gas Oil inside designated Emission Control Areas as of January 1st 2015, the cost of fuel could rise by up to 50%, so all measures to reduce fuel consumption are vital. Research and field testing has shown that the latest developments in engine lubrication and unique marine energy management systems can add more than a 15% improvement in fuel efficiency, proving that even the smallest modification at the right time can add up to big savings.
The pro’s and con’s of the three options for the shipping industry to comply with the new Sulphur Directive (1. Converting to Marine Gas Oil, 2. Installing an exhaust cleaning system onboard or 3. Retrofit to LNG usage) have been debated at large, but one consensus is that whichever method is chosen, there will be significant costs involved.
Thomas Franck, past Chairman of the Finnish Shipowners’ Association, former CEO of Bore Ltd. and Board Member of Nanol Technologies says;
“It’s a given that the majority of vessels that will travel in the new Emission Control Areas will switch from Heavy Fuel Oil to Marine Gas Oil, so identifying the most practical and cost effective way to operate within the new restrictions is key.”