Fast return on investment
A key issue for ship owners is the return on their investment in new technology. The installation of an exhaust gas cleaning system is the most cost effective solution to meet the IMO sulphur regulations, and most vessels trading more than 50% inside ECA will see a payback time of only 1-3 years if investing in a Clean Marine EGCS.
The investment cost for the EGCS unit is usually in the $3 million-$4 million region. In addition there are installation costs at the yard of some $1 million (dependent on the yard and the vessel’s design). Estimated operating cost for the scrubber is $20-$50 per metric ton fuel consumed by scrubbed combustion units, depending on caustic soda (NaOH) and fuel price, fuel sulphur level and scrubber operating mode.
If assuming a realistic $350 per metric ton price difference between MGO (0.1% sulphur content) and HFO (around 2%-3% sulphur content), 10,000 mt of yearly fuel consumption, and total investment cost of $ 4,5 million, the payback time is 1-3 years for vessels operating more than 50 % inside the ECA. For vessels with higher fuel consumption the payback time is naturally much less, and the same happens if the fuel spread increases when demand outweighs supply of MGO in the ECA’s from 2015.
The installation of an exhaust gas cleaning system is the most cost effective solution to meet the IMO sulphur regulations.
All exhaust sources on board can be served by one common EGCS unit, enabling a fast return on investment.