Triality - Presstogo
Triality - Presstogo
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.