Russian firms Sovcomflot Group and Gazprom Neft Marine have joined hands to develop projects for LNG bunkering as part of their efforts to reduce emissions from ships.
France’s Total is readying to make 0.5% sulphur content fuels available at major bunkering ports from the fourth quarter of this year ahead of the IMO 2020 regulation, and the state oil firm is projecting a gradual global uptake of LNG as a marine fuel.
Six out of 10 new ships ordered by 2025 are predicted to be LNG-powered vessels due to stricter environmental standards in shipping, a South Korean study says.
Well-to-wake (WtW) reductions in greenhouse gas (GHG) emissions by using LNG as a marine fuel can be reduced by up to 21% compared with current oil-based bunkers, according to an authoritative independent study commissioned jointly by SEA\LNG, an industry foundation promoting liquefied natural gas as a fuel for ships, and the Society for Gas as a Marine Fuel (SGMF).
Cosco Shipping Energy Transportation has jointly launched a project with Dalian Shipbuilding Industry (DSIC) to develop the world’s first LNG dual-fuel VLCC.
The world’s third largest container line CMA CGM is continuing to hedge its bets on complying with the IMO 2020 sulphur cap with it reported to be opting for a mix of LNG propulsion and scrubbers on 10 newbuildings.
The port of Rotterdam has recorded a stellar rise in the sales of LNG as marine fuel in 2018 over 2017, while sales of heavy fuel oil dipped, according to figures released by the Port of Rotterdam Authority.