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2023 Journal Impact Factor - 0.7
2023 CiteScore - 1.4
ISSN 2083-6473
ISSN 2083-6481 (electronic version)
Editor-in-Chief
Associate Editor
Prof. Tomasz Neumann
Published by
TransNav, Faculty of Navigation
Gdynia Maritime University
3, John Paul II Avenue
81-345 Gdynia, POLAND
e-mail transnav@umg.edu.pl
The Cost of SOx Limits to Marine Operators; Results from Exploring Marine Fuel Prices
1 HSBA Hamburg School of Business Administration, Hamburg, Germany
2 Technological and Educational Institute of Athens, Athens, Greece
2 Technological and Educational Institute of Athens, Athens, Greece
ABSTRACT: Marine operators are confronted with the new air emissions regulations that determine the limits of sulfur content in marine fuels. The low-sulfur (LS) marine fuels have a higher price, and their fluctuation is almost similar to the fluctuation of high-sulfur (HS) fuels. The price difference between HS and LS might also determine the decision of operators for alternative technical means, such as scrubbers, in order to comply with the new limits. This paper aims to provide a thorough statistical analysis of the currently available LS and HS marine fuels time series, as well as to present the analysis of the differential of the HS and LS fuel prices. The paper concludes with suggestions for further research.
KEYWORDS: MARPOL Convention, Marine Fuel, High-Sulfur (HS) Marine Fuel, Low-Sulfur (LS) Marine Fuel, Emission Control Area (ECA), Fuel Prices, Probability Analysis, International Petroleum Exchange (IPE)
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Citation note:
Schinas O., Stefanakos Ch.N.: The Cost of SOx Limits to Marine Operators; Results from Exploring Marine Fuel Prices. TransNav, the International Journal on Marine Navigation and Safety of Sea Transportation, Vol. 7, No. 2, doi:10.12716/1001.07.02.15, pp. 275-281, 2013
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