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GulfNav prepares fleet for sulphur cap with scrubber installations

Says upgrades will add a competitive advantage, enable it to achieve higher profits and offer better prices.



The Gulf Deffi forms part of GulfNav's fleet of chemical tankers. Image credit: Gulf Navigation Holding (GulfNav)


Updated on 15 Aug 2018 12:37 GMT

Gulf Navigation Holding (GulfNav) reports that it has been installing exhaust gas cleaning systems, or scrubbers, aboard its fleet as part of its strategy to meet new IMO standards - including the upcoming global cap on fuel sulphur content in 2020.

The Dubai-based firm explained that two of its petrochemical tankers recently entered into dry dock for their mandatory five-year maintenance, during which time the ships were fitted with scrubbers "in order to enhance the company's competitiveness in the global markets".

Also installed aboard the two vessels are new advanced engine fans - which are said to lower bunker fuel consumption by five percent - and advanced equipment to treat ballast water and prevent biological pollution.

GulfNav says its technical team of experts adopted the major upgrades and changes for the company's fleet after an in-depth study of the global petrochemicals and petroleum products shipping industry.

Explaining the reason for the decision to install scrubbers, GulfNav said: "Taking this step now helps us avoid having to use higher-priced, less-available low-sulphur fuels and thus risking higher operating costs and the possibility of our vessels to stop and not generate revenues while waiting for fuel."

"The new [IMO] measures will force many companies to exit the market because of their inability to keep up with them. It is also expected that low-sulphur fuels will be more expensive and less available."

GulfNav added: "This [upgrade] will also help the vessels meet the new environmental standards for gas emissions and ballast water treatment, ensuring their competitiveness and preference to operate in established markets such as the European Union and North America, thereby achieving significantly higher returns than before, as well as increasing the operational lifespan of ships and raising their return on investment."

"Reducing the fuel consumption of Gulf Navigation's vessels adds a competitive advantage that allows it to achieve higher profits and offer better prices than its competitors who will pay more for low-sulphur fuel. More importantly, Gulf Navigation will be ready to commit to reducing greenhouse gas emissions and contribute to achieving the UAE's goals in this regard for 2020, 2025 and 2030," GulfNav concluded.






Related Links:

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United Arab Emirates

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