Essar Shipping Ltd. said it was fully prepared to meet
the International Maritime Organization’s (IMO) deadline for reducing sulphur
content in fuel.
IMO2020 mandates global sulphur cap in
shipping fuel to 0.5% from 3.5%
The IMO had mandated that starting January 2020, the
global cap of sulphur content in shipping fuel must be reduced to 0.5% from the
current 3.5%. This decision was taken as high sulphur emissions caused damage
to marine environment, especially in Northern European countries, with the U.K.
suffering the most.
Essar Shipping said it was in the process of adapting
to the environment-friendly measures and implementing processes that would
reduce the harm caused to maritime environment.
Essar installing scrubbers in some vessels
and in some, using compliant fuel
“We are undertaking the change by installing scrubbers
in some of our big vessels and simultaneously switching over to the use of
compliant (low sulphur) fuel in the rest of our vessels. We will make capital
investments of about $6 million in four out of our 12 owned vessels, which have
been lined up for installation of scrubbers,” said Mr. Ranjit Singh, Executive
Director and CEO, Essar Shipping Ltd.
The identified four vessels comprise three mini capes
(bulk carriers) and one very large crude carrier (VLCC). With scrubbers, these
vessels still can use the existing fuel till they are exhausted completely or
till the time the company would be comfortable to switch over to the new
Installation of scrubbers would be
completed well in time
The company said that the installation of scrubbers
would be completed by April/May 2020, by the time the regulations kick in. As
per IMO, its order must be fully complied with within three months of the cutoff
date that is January 2020.