Oil prices were high before, but consistent with the Russian invasion of Ukraine, oil prices have now reached a culmination WTI Crude 111.40$/barrel and Brent Crude at 110.46$/barrel. For the shipping and marine industry, these unprecedented hikes in oil prices will create a thriving market to refit Exhaust Gas cleaning systems that operate on high sulfur fuel, whose prices are much lower than low sulfur fuels.
Why is it prudent to install Exhaust Gas Cleaning Systems (Scrubbers) instead of using low sulfur oils?
Exhaust gas cleaning systems (Scrubbers) operate on high sulfur fuel, and high sulfur fuel oil 'bunker' is plentiful and reasonably priced. It's well tolerated by marine engines, which consume approximately four million barrels (550,000 tonnes) per day. Its accessibility and low cost are accounted for in the current cost structure of marine freight tariffs. Furthermore, the payback time period of installing an Exhaust Cleaning System is less than two years compared to keeping operating on high-cost low-sulfur fuel to comply with the International Maritime Organization (IMO) 2020 regulations limiting sulfur dioxide emissions (Sox) to 0.50 percent.
Albion Marine Solutions provides turnkey solutions from scratch to after-sales support. Based on the feasibility study, client requirements, and the alkalinity of the marine environment in which the vessel will operate, Albion Marine can recommend supply and refit the EGCS system. Further to our capabilities, all types of exhaust gas cleaning systems are available with us, including wet scrubbers (open and closed loop), dry scrubbers, and hybrid scrubbers; for more information, contact
