1. SECA 1st of January 2015

2. Grenaa-Varberg The ”local route”
Heading comes here
Grenaa-Varberg The ”local route”

3. Exhausts from shipping

4. IMO MARPOL and Annex IV 2005 2008 2010 2015 2020 or 2025*
IMO MARPOL Annex VI comes to force, SECA Areas are defined.
Annex VI is revised with a significant and progressive
Reduction of sulphur limits both globally and within SECA’s
Annex VI comes into force
< 1% Sulphur in SECA’s
EU also sets new sulphur limits in EU ports
New limitations for Sulphur
< 0.1 % In SECA Zones
New limitations for Sulphur globally
< 0.5%
2008
2010
2015
2020 or 2025*

5. SECA and ECA a global matter
NEW SLIDE

7. Summary of alternatives for Stena Line
What
Compliance
Cost increase
Ship application
Challenges
Switch over to Marine Gas Oil (MGO)
SOx
NOx?
PM?
Yes
(bunker)
Can and will be done day 1
Uncertain supply => future price levels?
Install exhaust gas cleaning equipment
Scrubbers
(investment)
Conversions only possible on part of fleet
Maritime application still under development
Switch over to new types of fuel
LNG
NOx PM
Primairly new builds, but conversions may be possible
Supply & distribution ashore
Methanol
(investment and bunker ?)
Both new builds and conversions
Stena project is running.

8. Latest development Stena Scanrail:
Test with methanol in auxilary engine stopped Questionmark on DME technique.
Stena Germanica:
Methanol as fuel based on dual fuel direct injection (10% MGO). Planned start is 1st qtr 2015
LNG
Most suitable for newbuildings. Stena follows the development.
Scrubbers:
Does not solve the issues arround particals and Nox.
At the moment no possibilty to collect waste water (diluted sulphur acid) from scrubbers in ports facility.

9. Stena Lines environmental efforts
ISO 14001
Certified
Energy Saving
Programme
Reduced
CO2 and NOx emissions
Shore connections
in ports
Reduced
emission to water
Eco-driving
Sun films
on cabin windows

10. How do we get the SECA effect to the cargo ?

11. Spread included in BAF model Price increase per lm related to spread
How will we apply this into a new BAF model?
2004
2010
2015
Introduction of BAF
Introduction of LSS
Spread included in BAF model
1,5% IF380
1,0% LS380
0,1% MGO
2015 spread
BAF per lm
Stena Line model +
Fixed LSS per lm
Price increase per lm related to spread +
Current BAF per lm
Additional BAF per lm
New BAF per lm

12. Historic development of 1,0% LSFO last 5y
Avererage last 12m: 612

13. Historic development of 0,1% MGO last 5y
Average last 12m: 915

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