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Triality - Presstogo

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16 triAlity vlcc<br />

Is it possible to go green<br />

and be profitable?<br />

the financial performance of<br />

triality is evaluated with respect<br />

to investment and voyage cost,<br />

compared to a conventional<br />

vlcc run on hfo with a ballast<br />

water treatment (bwt) system<br />

and an exhaust gas scrubber.<br />

the shipping industry is facing an ever increasing demand to reduce its<br />

environmental footprint. for ships built before 2016, the present challenge<br />

is to comply with ballast water and emission requirements.<br />

we have estimated that triality has a significantly smaller environmental<br />

footprint than a conventional vlcc run on hfo with a ballast water treatment<br />

system (bwts) and an exhaust gas scrubber (conventional vlcc).<br />

the question then is: is it possible to go green and be profitable? the<br />

short answer is yes – triality is more profitable than a conventional vlcc.<br />

the financial analysis (investment cost versus voyage costs for different<br />

fuel price scenarios ) shows that triality:<br />

• improves the expected present value before tax by mUsd 24 in the<br />

reference fuel price scenario (this corresponds to around 20% of the<br />

investment cost for a conventional vlcc)<br />

• is profitable until the lng price reaches Usd 15 per mmbtu in the<br />

reference oil price scenario<br />

• is more profitable than a conventional vlcc except in the low oil price<br />

scenario<br />

these points are substantiated on the following pages.

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