*Members’ installations achieve reduced sulphur emission
Lagos — The Clean Shipping Alliance 2020 anticipates a distortion of fuel bunker prices “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 nadir”.
Mr. Ian Adams, the Executive Director, Clean Shipping Alliance 2020 made the disclosure in a statement released earlier today, describing the global coronavirus pandemic as unprecedented and urging operators not to ‘dwell too much on the narrowing fuel price spread’.
“Certainly, media reports concerning the narrowing of fuel prices should not be a deterrent to the wider take-up of marine exhaust gas cleaning systems (EGCS) as 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.
“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.”