Study to include impact of landmark regulation and insights influencing decision-making for all stakeholders in the marine fuel supply chain.
Marine Energy Consulting Ltd. (MECL) and 20|20 Marine Energy, two leading consultancies in this field, today announced that they will collaborate to produce a comprehensive evaluation of the impact of MARPOL Annex VI global sulphur regulations on the shipping industry. The study will include a detailed impact assessment of the regulations, as well as insights into compliance solutions, enabling recipients to make more informed decisions when developing strategies to both manage the transition, and the future.
The regulations, which mandate the use of bunkers with a sulphur content of less than 0.5% on a global basis, will be implemented in either 2020 or 2025, a decision which may be taken by the International Maritime Organisation (IMO) at its forthcoming Marine Environmental Protection Committee meeting (MEPC 70) this month.
The study, which will be available early in 2017, will be of value to all stakeholders involved, and invested in the marine fuel supply chain. It will benefit refiners that need to understand how the legislation will impact demand, fuel suppliers, port authorities and operators that require insight as to where to invest in infrastructure based on the demand for a range of products; as well as ship owners that need a broad knowledge of viable compliance solutions and the impact the change in legislation will have on their operations and profitability.
The MECL — 20|20 study will cover:
- Fuel supply, demand and availability on a region-by-region basis by types of bunkers including LNG and other alternative fuels through to 2035
- The new make-up of the fuel supply chain, including fuel prices, differentials, compatibility and quality standards
- The viability of abatement technology uptake and its financing
- New desulphuring technologies and associated products
- Port infrastructure, storage and investment
- Potential enforcement regimes and associated sanctions
The study will be available as a multi-client report, with an option of a seminar to interpret the study’s findings to each client’s specific needs.