UK ship owner and operator Union Maritime (UML) has signed a unique agreement with Pacific Green Technologies Marine (PGTM) to pay for an exhaust gas cleaning system (EGCS) through the cost savings it achieves from not having to switch to low sulphur fuel.
The chemical tanker, Westminster, will receive the USD 1.9 million ENVI MarineTM EGCS, also known as a scrubber, free of charge initially.
UML will then operate the vessel for a minimum of 145 days a year in a sulphur oxides (SOx) Emission Control Area (ECA) burning heavy fuel oil (HFO) instead of low-sulphur fuel to meet the International Maritime Organization (IMO) 0.1% permitted sulphur content requirements. By using HFO with the scrubber, instead of switching to low-sulphur fuel, UML will save approximately USD 2,700 per day when operating in the SOx ECA.
UML will then pay for the scrubber through the fuel cost savings that the scrubber generates until PGTM receives the full USD 1.9 million, the price of the scrubber.
The scrubber will be delivered to the ship in the first quarter of 2017.
Ship Efficiency Review News
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