Exhaust Gas Emissions – Impact on Cruise Industry

Press Release
Tuesday, April 24, 2012

New report to analyse potential impact of IMO fuel emission regulations upon cruise ship operators

Limits set out by the Marine Environment Protection Committee will reduce the maximum levels of sulphur in marine fuels to 0.1% and will come in to force in 2015.

This regulation is a positive step towards improving the environmental reputation of the maritime industry.  However it also presents a significant challenge to the cruise industry, which has enjoyed an exceptional rate of growth in recent years.

The costs of low-sulphur fuels are set to rise and it remains to be seen what, if any, market-based mechanisms and incentives will be put into place to encourage emission reductions and soften the economic impact on operators.  Cruise lines now have three years to come up with a technological solution to the dilemma of regulations which will be expensive to adhere to.  Most major cruise lines already use fuel efficiency monitoring systems to maximise their fuel consumption, and unless a similar method of reducing and regulating the emission levels of high-sulphur bunker fuels is discovered cruise lines will be forced to purchase and use more lightweight fuels, causing prices to skyrocket and resulting in massively elevated expenditure.

Cruise lines will be left with little option if a technological miracle is not achieved and will be forced to significantly adjust their business models, perhaps even passing on this reduction in profits to the consumer.

It is of high importance to understand how the industry will respond to these new regulations.  Tony Peisley, an expert cruise industry consultant, has produced a report at the centre of which is an evaluation of the impact of the new low-sulphur fuel requirements on the industry as well as projecting the industry’s plans for the second half of this decade.

Cruising Through the Perfect Storm will be published on May 31st and will feature 300 pages of analysis, including 200 pages of industry statistics.  As well as its focus on the impact of fuel regulations, chapters will include an evaluation of the financial performances of the major cruise companies; a survey of shipyard cruise ship orderbooks; detailed reviews of source markets; comparisons of economic impact studies for cruise industries and destinations; and an overview of global cruise infrastructure developments.  Along with this are three new chapters on: the potential of China; river cruising; and also the implications for the industry in light of the Costa Concordia tragedy.

Copies of the report can be ordered here.

 

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

SITC Inks Deal with Qingdao Port

SITC International signed a strategic cooperation agreement with Qingdao Port International Co., Ltd. in Qingdao yesterday in order to further strengthen the strategic

Sea Shepherd Global Launches Operation Siracusa

Following on from the incredibly successful 2014 campaign, Sea Shepherd Global launches Operation Siracusa 2015. Led by Sea Shepherd Italia, the campaign aims

Superyacht Marina Planned at San Juan, Puerto Rico

Puerto Rico Ports Authority issues RFP for Marina District. The project envisions a superyacht marina and dry dock maintenance, repair and overhaul facility

Marine Propulsion

DuPont to Introduce Scrubber at Nor-Shipping

Belco Technologies Corporation (BELCO), a DuPont company, will introduce the DuPont Marine Scrubber (formerly the BELCO Marine Scrubber) at shipping and maritime exhibition Nor-Shipping in Oslo.

CAT’s New Dual Fuel Engine M 4G DF

At the beginning of 2015 the exhaust limit values for sulfur oxides (SOx) grew ever tighter in emission controlled areas. And with the start of 2016, nitrogen oxides

Bordelon Takes Delivery of the Shelia Bordelon

Bordelon Marine has taken delivery of the M/V Shelia Bordelon, its next Stingray 260 DP2, Ultra-Light Intervention Vessel (ULIV).   This highly specialized vessel

Cruise Ship Trends

Cruise-Container Hybrid Ship Makes Debut

Aranui 5, a cruise ship / container ship hybrid, will make its maiden voyage from Tahiti to the Marquesas Islands in the South Pacific Ocean at the end of November 2015.

CLIA Names Muskat Trade Relations Committee Chairman

Cruise Lines International Association (CLIA) announced that Ken Muskat, executive vice president of sales, public relations, and guest services for MSC Cruises USA,

Norwegian Dawn Arrives In Boston

The Norwegian Dawn, the cruise liner that ran aground as she left Bermuda this week, has arrived in Boston.   A story in the Boston Herald says, “Passengers

Environmental

Sea Shepherd Global Launches Operation Siracusa

Following on from the incredibly successful 2014 campaign, Sea Shepherd Global launches Operation Siracusa 2015. Led by Sea Shepherd Italia, the campaign aims

Superyacht Marina Planned at San Juan, Puerto Rico

Puerto Rico Ports Authority issues RFP for Marina District. The project envisions a superyacht marina and dry dock maintenance, repair and overhaul facility

Second Sea Lion Rescued from California Oil Spill Dies at SeaWorld

A second sea lion rescued from along California's oil-fouled coastline near Santa Barbara has died at SeaWorld San Diego, where veterinarians are still caring for

Marine Power

DuPont to Introduce Scrubber at Nor-Shipping

Belco Technologies Corporation (BELCO), a DuPont company, will introduce the DuPont Marine Scrubber (formerly the BELCO Marine Scrubber) at shipping and maritime exhibition Nor-Shipping in Oslo.

CAT’s New Dual Fuel Engine M 4G DF

At the beginning of 2015 the exhaust limit values for sulfur oxides (SOx) grew ever tighter in emission controlled areas. And with the start of 2016, nitrogen oxides

Bordelon Takes Delivery of the Shelia Bordelon

Bordelon Marine has taken delivery of the M/V Shelia Bordelon, its next Stingray 260 DP2, Ultra-Light Intervention Vessel (ULIV).   This highly specialized vessel

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1794 sec (6 req/sec)