Maritime Energy Contracting for Clean Shipping

Maritime Energy Contracting for Clean Shipping

To reduce the Sulphur emission from shipping and ensure clean shipping, a number of Sulphur Emission Control Areas (SECA) were enforced in special areas around the globe. From 2015, in SECA, ship owners are not allowed to use fuel with more than 0.1% Sulphur content. One of the major concerns for th...

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Bibliographic Details
Main Authors: Olaniyi Eunice O., Atari Sina, Prause Gunnar
Format: Article
Language:English
Published: Sciendo 2018-03-01
Series:Transport and Telecommunication
Subjects:
investment appraisal
var
scrubber
seca
energy contracting
business model
Online Access:https://doi.org/10.2478/ttj-2018-0004
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spelling doaj-dbfde5558de2433f80419df639df5b8a2021-09-05T21:24:15ZengSciendoTransport and Telecommunication1407-61792018-03-01191314410.2478/ttj-2018-0004ttj-2018-0004Maritime Energy Contracting for Clean ShippingOlaniyi Eunice O.0Atari Sina1Prause Gunnar2Tallinn School of Business & Governance, Tallinn University of Technology University, Tallinn, Estonia, Akadeemia tee 5 19086Tallinn School of Business & Governance, Tallinn University of Technology University, Tallinn, Estonia, Akadeemia tee 5 19086Tallinn School of Business & Governance, Tallinn University of Technology University, Tallinn, Estonia, Akadeemia tee 5 19086To reduce the Sulphur emission from shipping and ensure clean shipping, a number of Sulphur Emission Control Areas (SECA) were enforced in special areas around the globe. From 2015, in SECA, ship owners are not allowed to use fuel with more than 0.1% Sulphur content. One of the major concerns for the SECA regulation is that maritime stakeholders have had to take into consideration the costs as well as the tolerable risks of their compliance investment options. Besides that, low freight rates have increased the competition and had caused financial pressure on ship owners so that lower capital reserves and low credibility levels limit the manoeuvring space for investment activities.https://doi.org/10.2478/ttj-2018-0004investment appraisalvarscrubbersecaenergy contractingbusiness model
collection DOAJ
language English
format Article
sources DOAJ
author Olaniyi Eunice O.
Atari Sina
Prause Gunnar
spellingShingle Olaniyi Eunice O.
Atari Sina
Prause Gunnar
Maritime Energy Contracting for Clean Shipping
Transport and Telecommunication
investment appraisal
var
scrubber
seca
energy contracting
business model
author_facet Olaniyi Eunice O.
Atari Sina
Prause Gunnar
author_sort Olaniyi Eunice O.
title Maritime Energy Contracting for Clean Shipping
title_short Maritime Energy Contracting for Clean Shipping
title_full Maritime Energy Contracting for Clean Shipping
title_fullStr Maritime Energy Contracting for Clean Shipping
title_full_unstemmed Maritime Energy Contracting for Clean Shipping
title_sort maritime energy contracting for clean shipping
publisher Sciendo
series Transport and Telecommunication
issn 1407-6179
publishDate 2018-03-01
description To reduce the Sulphur emission from shipping and ensure clean shipping, a number of Sulphur Emission Control Areas (SECA) were enforced in special areas around the globe. From 2015, in SECA, ship owners are not allowed to use fuel with more than 0.1% Sulphur content. One of the major concerns for the SECA regulation is that maritime stakeholders have had to take into consideration the costs as well as the tolerable risks of their compliance investment options. Besides that, low freight rates have increased the competition and had caused financial pressure on ship owners so that lower capital reserves and low credibility levels limit the manoeuvring space for investment activities.
topic investment appraisal
var
scrubber
seca
energy contracting
business model
url https://doi.org/10.2478/ttj-2018-0004
work_keys_str_mv AT olaniyieuniceo maritimeenergycontractingforcleanshipping
AT atarisina maritimeenergycontractingforcleanshipping
AT prausegunnar maritimeenergycontractingforcleanshipping
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