Freshly-minted ocean carrier ONE says it has identified using low sulphur Hybrid oil as the best solution for complying with the upcoming 2020 global sulphur limit for bunker fuel.
ONE Line, which launched in April following the combination of Japanese container lines NYK, MOL, and K-Line, revealed details of its 2020 plan this week after reviewing options, namely low sulphur fuel, scrubbers, or LNG.
After review, the carrier said low sulphur hybrid oil represents the most realistic and cost efficient solution to ensuring its vessels comply with the upcoming global regulations. While it continues to review the installation of scrubbers and use of LNG fuel, 2020 compliant hybrid fuel was deemed the best option at the moment.
From January 1, 2020, global regulations set forth by the International Maritime Organizations will limit sulphur content in fuel oil burned by ships to less than 0.5%, a drastic reduction compared to the current global limit for sulphur content limit of 3.5%.
“We, Ocean Network Express (ONE), are fully aware of the environmental impact by our ships’ emission, and with commitment to our sustainable business model, we are well prepared and ready to comply with this regulation. We have launched a cross-functional task force to evaluate from technical aspect and established ONE’s stance on 2020 Global Sulphur Limit. Several options have been researched to identify the possible best and most cost-efficient method to comply with the regulation,” ONE said in a statement.
“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-efficient solutions, to enable ONE to be compliant ready by 1 January 2020. We are in discussion with bunker suppliers for specifications,” ONE added.