Comparison Analysis of Options to Comply with IMO 2020 Sulphur Cap Regarding Environmental and Economic Aspect

Abstract

IMO enforce new regulation known as IMO 2020 Sulphur Cap which limits the sulphur content in the fuel oil used onboard ships. This new global sulphur cap is a significant challenge for the shipping industry. The compliance options may be classified into three main options: using alternative fuels, low-sulphur fuel oil, and scrubbers. Each option comes with some advantages and disadvantages which creates a trade-off between the options. Some options may require a higher initial investment in terms of capital expenses, and some are more expensive during operations than others. A comparison analysis will be conducted with respect to the environmental and economic aspects.