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6 critical triggers for LNG as a bunker fuel

Sergey Ivanov, Director, Marine Bunker Exchange (MABUX) AB, has presented a thoughtful and insightful response for the maritime industry interested in LNG

Marcus Hand, Editor

August 28, 2019

1 Min Read
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As emission regulation continues to drive debate and IMO 2020 looms, Sergey Ivanov, Director, Marine Bunker Exchange (MABUX) AB presents a thoughtful and insightful response for the maritime industry interested in LNG.

Included in the Q+A were six critical triggers that Ivanov sees for the take-up of LNG as a bunker fuel:

  1. Availability of LNG to the end consumer. Having an import terminal does not mean that LNG bunker barges can be filled.

  2. Established legislation and regulatory framework. Landside regulation and shipping regulation have to interface well. Gaps in the regulation need to be closed and over regulation needs to be reduced.

  3. Favourable investment climate and taxation. Infrastructure development has a cost and long payback times. Investors want to be sure that their investment is not lost.

  4. Necessary competence, knowledge and skills. Decision makers in governments, authorities and companies need to understand the subject of their decision-making and the consequences of the decisions they make. In addition, workers (or personnel) need to be trained for safe operation.

  5. Public acceptance. LNG is not so well known across the world. The general public must be informed about LNG and its benefits, as well as the associated risks and how they are dealt with.

  6. Reliable and safe logistical concepts. To serve as fuel on regular shipping or transport connections, LNG must be delivered where it is needed and when it is needed in the volumes required.

Hear more from Sergey Ivanov at the forthcoming conference session ‘Powered by LNG’, presented by Seatrade ShipTech Middle East.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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