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Risk Assessment of Emission Abatement Technologies for Clean Shipping

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Reliability and Statistics in Transportation and Communication (RelStat 2017)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 36))

Abstract

The purpose of this study is recognizing and assessing the existing risks of SECA related investments of ship owners and the consideration of their risk attributes. Complying with the SECA regulations, maritime stakeholders have to choose among different abatement strategies, which are generally linked to high and risky investments. The paper focusses on the evaluation of scrubber technologies and their relationship to other abatement techniques.

Literature review reveals shortcomings in investment risk evaluation among the ship owners operating in emission control areas (ECA). The research fills this gap by presenting a comprehensive compilation of identified risks attributes in an analytical framework together with a risk assessment in the context of HFO and MGO fuel and scrubber related performance indicators comprising CAPEX and OPEX. The results in a classification framework categorize the investment risks and different elements of value at risk (VaR) as well as historical and parametric evaluation of risks. Besides that, this study contributes to new knowledge in the disciplines of green transport and shipping. For future research, the identified risk and investment must be tested in a real business case study and in different scenarios to measure and analyze its performance and efficiency.

The results of the paper are based on empiric activities, which were realized during 2017 in the frame of the EU project “EnviSuM”. The empiric measures comprise primary and secondary data analysis, focus group meetings and expert interviews with specialists from shipping sector in BSR.

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Author information

Authors and Affiliations

  1. School of Business and Governance, Tallinn University of Technology, Acadeemia tee 3, 12618, Tallinn, Estonia

    Sina Atari & Gunnar Prause

Authors
  1. Sina Atari
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  2. Gunnar Prause
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Corresponding authors

Correspondence to Sina Atari or Gunnar Prause .

Editor information

Editors and Affiliations

  1. Transport and Telecommunication Institute, Riga, Latvia

    Igor Kabashkin

  2. Transport and Telecommunication Institute, Riga, Latvia

    Irina Yatskiv

  3. Vilnius Gediminas Technical University, Vilnius, Lithuania

    Olegas Prentkovskis

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Atari, S., Prause, G. (2018). Risk Assessment of Emission Abatement Technologies for Clean Shipping. In: Kabashkin, I., Yatskiv, I., Prentkovskis, O. (eds) Reliability and Statistics in Transportation and Communication. RelStat 2017. Lecture Notes in Networks and Systems, vol 36. Springer, Cham. https://doi.org/10.1007/978-3-319-74454-4_9

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  • DOI: https://doi.org/10.1007/978-3-319-74454-4_9

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-74453-7

  • Online ISBN: 978-3-319-74454-4

  • eBook Packages: EngineeringEngineering (R0)

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