OCEAN Network Express (ONE) said using “hybrid oil” was the best way for it to comply with the impending IMO sulphur emissions cap, due to come into force in 2020.
In a statement, the company said it was “fully aware” of the environmental impact of ship emissions and has launched a “cross-functional task force” to address the regulations.
“We identified [low-sulphur hybrid oil] as one of the most realistic and cost-efficient solutions to enable ONE to be compliant ready by 1 January 2020,” the company’s statement read. “We are in discussion with bunker suppliers for specifications.”
“With commitment to our sustainable business model, we are well prepared and ready to comply with this regulation,” the company said.
ONE said it was looking at three options to comply with the new regulations on emissions.
Low-sulphur hybrid oil is one option ONE is looking at.
ONE is also looking at scrubbers, but it said retro-fitting scrubbers would require sacrificing cargo space.
The company also looked at LNG as bunkers, but there are concerns about constraints on the availability of bunkering facilities.