Because of the upcoming new regulations regarding sulphur levels in exhaust gases, the ship owners have been struggling to find cost-efficient solutions to meet those environmental regulations. Those regulations state, that in sulphur emission control area (SECA) allowed emissions will be tightened such that the sulphur limit for fuel will drop to 0.1% (from 1.0%) at the start of 2015. Last week an interesting news was released, stating that Finnish ship owner Langh Ship has invented a functional closed loop scrubber! Langh ship announcement reveals the facts and figures by clicking this link.
First, I’d like to congratulate RCCL for the new vessel in the pipeline. RCCL’s president Mr. Richard Fain has commented to the media, that the Oasis –class vessels have been a huge success, which I strongly believe. The third oasis class ship and the possible option has demand in the market. As analysed in the earlier posts about the third Oasis –type series, RCCL’s EBITDA levels have risen since both Oasis and Allure of the Seas vessels have been in service. Economics of scale matters!