The shipping industry faces increasingly more pressure to comply with environmental regulations: SOx or NOx and ballast water treatment, just to name a few.
Compliance is achievable with modern technology, but this presents a difficult challenge as many shipowners are cash-strapped and the industry is still recovering from the last economic downturn.
It is very hard for a shipowner, in particular, smaller ones, to find financial lending options with suitable conditions and restrictions. Quite often, financial lending options require the equipment to originate from the same country as the lessor.
Ballast Water Treatment
The International Maritime Organization (IMO) and the United States Coast Guard (USCG) regulations on ballast water treatment require shipowners to install technologies that range in cost of $250,000 to $2,500,000 per vessel, including installation.
Sulfur Fuel Cap
As for achieving the 0.5% global Sulphur in fuel cap, one of the solutions is scrubbers. Despite the equipment and installation costs totally as much as $10,000,000, there is a possible return on investment on these systems because they use the much cheaper heavy fuel oil (HFO), compared to the expensive Low Sulphur Fuel Oil (LSFO).
The FloLease Solution
FloLease understands the challenges shippers face with environmental regulations and wants to help the industry overcome compliance barriers by offering customized lease solutions that remove the heavy upfront equipment costs needed to comply with new regulations.
FloLease offers flexible lease solutions that enable shipowners to choose the correct equipment for each vessel in their fleet. With both short-term and long-term leasing options, a FloLease solution can accommodate vessels of all ages.