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Fewer scrubbers and ballast water management systems (BWMS) will
be installed in 2020 due to COVID-19, according to this year's
Maritime Compliance
Guide, a supplement produced by the Maritime &
Trade division of IHS Markit, now available as a complimentary download.
Analysing IHS Markit data, the guide examines how COVID-19 has
impacted the way maritime regulations are being enforced and new
ones are implemented. In addition, it boasts updated lists of
scrubber and ballast water management system OEMs and an overview
of how systems work.
The installations of scrubbers and ballast water management
systems, for example, have been delayed because shipyards
contracted to make these installations were closed earlier in the
year.
This reshuffled the planned schedule, potentially delaying the
quest to reduce emissions. IHS Markit has adjusted its annual
scrubber installation forecast from 3,900 to about 3,400 as a
result of COVID-19 delays, such as the drop in oil price and rising
freight rates in the tanker sector, which result in owners
reviewing installations.
Additionally, doubts on the functionality of materials used to
build scrubbers are casting a shadow on the process, it is stated
in the guide.
Despite the fall in scrubber installations, IHS Markit data also
shows a low uptake of non-heavy fuel oil (HFO) propulsion systems
for newbuilds. There are only six vessels on order with either
auxiliary hydrogen, methanol, or full nuclear engine
propulsion.
While there are more than 100 vessels that will have liquefied
natural gas propulsion, and approximately 20 will run on liquefied
petroleum gas, those types of fuel are still fossil fuels that the
industry will need to face in order to reach the IMO 2050 emission
reduction goals. Again, this may put a further halt on hopes to
drastically cut emissions in the industry.
Consequently, most orders made in 2019 and 2020 revealed that
more than 1,000 ships will run on distillates, either low-sulphur
HFO or marine gas oil, of which only four are battery hybrids.
This guide not only uses IHS Markit data - illustrated by
interactive visualisations - to show the current state of
installations for the sulphur emissions cap in the context of
COVID-19, but also of IMO-regulated ballast water management
systems.
According to IHS Markit, bulk carriers, container ships, and gas
tankers score the highest percentage of vessels that have been
fitted with BWMSs, with more than 40% of the fleets having a system
installed. This is because these vessel types are the most common
and the ones with the highest compliance targets of up to 90%.
Tankers follow with 32%, ro-ro and car carriers with 25%, and
cruise and dry cargo ships with 12% installation rate. However, IHS
Markit data also shows that tankers and dry cargo ships are behind
in terms of installations while having comparable fleet sizes to
bulk carriers.
Next year's report will show if owners in those sectors were
able to catch up with the rest of the industry to comply with
maritime regulations.
Download your copy of the
Maritime Compliance Guide 2020 for more insights into these major
maritime regulations as well as biofouling, data collection on fuel
consumption, and the digital transmission of cargo data.
Posted 03 September 2020 by Ines Nastali, Senior Custom Publishing Editor, Research Advisory Specialty Solutions, S&P Global Market Intelligence
