The "Options Evaluator" wants to clarify the potential cost and investment implications for the various compliance strategies, like transition from fuel oil to MGO, use of scrubbers and HSFO or use of other compliant fuels.

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Compliance with the regulation depends on trading patterns, distance travelled, speed, size and type of vessels. The new tool will enable operators to compare different compliance strategies by reviewing emissions output and comparing the different CAPEX and OPEX implications of each option.

LR’s Douglas Raitt, Regional Consultancy Manager Asia, mentioned:

Scrubber uptake or LNG and Methanol as a marine fuel are slowly evolving, perhaps as a function of a ‘wait and see’ approach by the shipping industry. We developed the options evaluator to give some guidance to operators who have not yet fully considered their options for 2020 compliance.

From his part, Justin Murphy, CEO International Bunker Industry Association, said that the new tool will be "an aid that may complement owners’ and operators’ future efforts to develop a compliance strategy."

You can see the tool here