Norway-based CRYO Shipping AS has announced the development of a new type of tanker design that will enable ship owners to implement clean and cheap bunkers.
According to the company, LNG would be used as fuel for their vessels. Moreover, the ships will be able to perform feeding and ship-to-ship (STS) bunkering operations as well in all types of waters.
“We have developed a new type of tanker design that will be able to supply shipowners with “clean and cheap” LNG bunkers,” said a statement from the company.
CRYO Shipping’s solution will thus provide both marine and land-based industry more efficient operations with less time consumed in connection with LNG supply, and consequently at a lower cost than what is achieved today.
Battery technology is due to be installed to supply power in order to eliminate local and regional emissions during port stay while loading, unloading and STS bunkering, CRYO Shipping further said.
“We are working with firm conversion project of platform supply vessels into LNG tankers which should be in operation already 1st half 2018,” said Nicholai H. Olsen, managing director and partner of CRYO Shipping.
The expected numbers of LNG powered ships by 2020 are about 1,000. However, currently, the few small scale LNG tankers that exist are not designed to meet regularity and supply requirements in a growing LNG market.
“Based on our preliminary market research, we have received very positive respond in the market where both LNG suppliers as wholesalers and manufacturers, and LNG consumers as heavy industry, power generation and shipping have shown great interest in our solutions,” says Nicholai H. Olsen. “We are working on specific customer projects that we expect will be announced soon.”