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BW LPG says LPG-fuelled vessels will save 1m tons of CO2 emissions

BW LPG says that retrofitting 15 vessels to use LPG as a fuel will save the company 1m tons of CO2 emissions.

Marcus Hand, Editor

August 27, 2021

1 Min Read
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Augmented Reality model of BW GeminiPhoto: BW LPG

BW LPG is now mid-way through retro-fitting 15 vessels in its fleet to run on LPG with eight on the water, one in sea trials, and one currently at the yard. The company said in its second quarter results presentation that it is investing $130m in the retrofit programme and recently secured $45m in transition financing to fund six LPG dual-fuel engines.

In the second quarter the BW LPG retrofitted four vessels to run on LPG.

The company’s first LPG-fuelled retrofit – BW Gemini – made its first voyage on the transpacific using LPG fuel last November.

Anders Onarheim, CEO of BW LPG told a results call: “It's been nearly a year since we've begun this program with BW Gemini, the world's first very large gas carrier to be powered by pioneering LPG dual-fuel propulsion technology. We are now more than half way through this programme and which is our keystone project for decarbonisation.

“Once all 15 VLGCs are retrofitted, we will have saved 1 million tons of CO2 emissions,” he added, in a transcript of the call by Seeking Alpha.

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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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