Japanese container shipping line Ocean Network Express (ONE) has announced that it considers low sulphur fuel oil as the most viable option for the compliance with the IMO sulphur cap from January 2020, after a comprehensive study of all the popular options.
“Hybrid oil is one of the compliant oils. ONE’s container vessels are equipped to adopt low-sulphur compliant hybrid oil without requiring special modification. At current, we identified this as one of the most realistic and cost-ecient solutions, to enable ONE to be compliant ready by 1 January 2020. We are in discussion with bunker suppliers for specifications,” the company said in a release.
However, ONE noted that there are several existing ONE vessels that can be installed with scrubber systems for a later phase.
“As building of new vessel with scrubber may take 2 – 3 years upon order confirmation, this approach will not be in time for ONE to be compliant by January 2020. However, we will consider this approach for possible next phase. ONE is also evaluating to charter vessels with scrubber system to expand the number of compliant vessels in the fleet,” the company said.
ONE also believes the approach of adopting LNG-powered engines would not be able to be adopted in time for the company to be compliant by January 2020.
According to ONE, the company will start complying with the regulation before the effective date kicks in as it takes several months to transit from non-compliant fuel.