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� Wilh. Wilhelmsen ASA
CIMAC Annual meeting Jan 30th 2013
Petter Chr. Jønvik, Shipping and Environment Manager
> Agenda
• Background for low sulphur policy
• How it was possible to accomplish
• Challenges
2Shaping the maritime industry
• Challenges
• Benefits
• How to meet the future
> Wilh. Wilhelmsen Group
3Shaping the maritime industry
Our global presence
4
EUKOR
Wallenius Wilhelmsen Logistics
American Roll-on Roll-off Carrier
� Wilhelmsen Maritime Services
� Global logistics network (incl WWL,
AAL/ALN and Glovis)
> 1.5 % S global average. How was it possible to accomplish?
• Liner service � fixed bunker ports
• Control the entire business chain
• Group size and customers with strong environmental profile
• Since 1999, 1.5% global sulphur policy for Wallenius Wilhelmsen logistics (WWL)
5Shaping the maritime industry
• Since 1999, 1.5% global sulphur policy for Wallenius Wilhelmsen logistics (WWL)
• Still, one of the world largest consumer of LSFO
> Challenges, of course there have been some…
• More energy content? Not the case...
• Many problems in the beginning
• Lack of experience with burning LSFO onboard
• Lubrications issues, oil companies joined onboard
• Blending issues
6Shaping the maritime industry
• Blending issues
• Filter clogging, separator issues, ignition issues, full speed operations, flashpoint, catalytic fines (Al/Si)
• De-bunkering
• Availability
• Cost
> Stabilization period, business as usual
• Long period with quite stable LSFO fuel quality
• Less frequent problems caused by LSFO
• Why?
• Smart bunker planning
7Shaping the maritime industry
• Smart bunker planning
• Lube oil issues more or less solved
• Crew competence
> New ECAs, almost as to move back to start
• Similar fuel quality issues as in the beginning coming back
• Blending issues � Filter clogging, separator issues, catalytic fines (Al/Si), ignition issues,
full speed operations, flashpoint, de-bunkering
• Availability – no longer a problem, however at a cost...
8Shaping the maritime industry
New challenges
• 1.00% � compliance risks
• Changeover time
• Large price variations in LSFO premium
> Bunker purchase and LSFO related costs
• Fuel mix, 40% LSFO (12% ECA + 28 % WWL policy), 55% HSFO, 5% LSMGO
• Main LSFO still purchased in EU, minor amouts in Singapore and Savanna
• Direct annual costs related to LSFO policy and ECA regulations:
• All time high 2008, USDM 25 (LSFO premium)
• Latest years approx USDM 4 (LSFO premium)
9Shaping the maritime industry
• Latest years approx USDM 4 (LSFO premium)
• Estimated in 2016 USDM 80 (LSFO premium/LSMGO + ECA costs)
> Benefits, of course there have been some
• Built up great competence on fuel switching, no blackouts or non-compliance experiences
• Easily adopted to US ECA
• Bunker market experience
10Shaping the maritime industry
• Bunker market experience
• Smart bunker planning
• Double set of service and settling onboard most vessels
• Competitive advantage at the same time business as usual for WW-Group
• Great company reputation
> How to meet the future
• 2015
• 2018 � 2020 (?) or 2025 (?)
11Shaping the maritime industry
• 2018 � 2020 (?) or 2025 (?)
• LNG?
• Back to sail?
> No single solution, many roads leads to Rome
12Shaping the maritime industry
>Shaping the
maritime industry
For more information: www.wilhelmsenasa.com
> Thank you for your attention
13Shaping the maritime industry