SEA\LNG is commissioning a series of independent studies by simulation and analytics experts Opsiana, this time focusing on LNG and its impact on VLCCs, highlighting LNG’s benefits, concerning strong return on investment for VLCCs on the Arabian Gulf to China trade route.
SEA\LNG published the results of a new alternative fuels study, finding that LNG is the most mature, scalable, and commercially viable alternative fuel currently available for the maritime industry. The study was conducted by DNV GL. The study concluded that while there are several lower or zero carbon alternative fuels that could assist in complying with IMO 2030 and 2050 GHG reduction targets.
SEA\LNG released a study presenting that LNG as a marine fuel is able to deliver the best return on investment. The report says that the fuel is a competitive option for newbuild Pure Car and Truck Carriers (PCTC) on Pacific and Atlantic trade lanes.
SEA\LNG has announced that the Port of Virginia has become the first port in the US to join the multi-sector industry coalition, which aims to accelerate the widespread adoption of LNG as a marine fuel. The Port of Virginia is the second North American port alongside the Vancouver Fraser Port Authority, and the fifth global port along with the Port of Rotterdam, MPA Singapore, and Yokohama Kawasaki International Port Authority, to join the coalition.
SEA\LNG and SGMF launched a study according to which GHG reductions of up to 21% are achievable now from LNG as a marine fuel, in comparison to the existent oil-based marine fuels over the entire life-cycle from Well-to-Wake (WtW). The study also confirms that emissions from SOx, NOx and particulate matter, are close to zero when using LNG compared with current conventional oil-based marine fuels.
Canada’s Vancouver Fraser Port Authority became the first North American port and the fourth port in general to join SEA\LNG, the industry coalition aiming to accelerate the widespread adoption of LNG as a marine fuel. The Port Authority and British Columbia have shed efforts to drive further use of natural gas in Canada.
SEA/LNG announced that is firmly supports that LNG is a viable pathway to be in line with IMO’s 2020 GHG targets. The shipping sector has two important paths two follow. Firstly, the industry aims to a rapid improvement of air quality. Secondly, the decrease of GHG emissions is vital.
SEA\LNG released a study revealing a strong investment case for LNG as a marine fuel in the container shipping market. Peter Keller, Chairman, SEA\LNG, noted that the results show that for this type of vessel, LNG can deliver the best return on investment on a net present value basis over a conservative 10-year horizon. The study analysed the case of a newbuild 14,000 TEU container vessel operating on an Asia-US West Coast (USWC) liner routing and compared six fuel pricing scenarios.
SEA\LNG, the coalition aiming to accelerate the widespread adoption of LNG as a marine fuel, announced that it has welcomed the Maritime and Port Authority of Singapore to its membership coalition. The MPA became the third port member to join the coalition, after the Port of Rotterdam and Yokohama-Kawasaki International Port Corporation.
The number of LNG bunkering vessels has grown from one at the beginning of 2017, to six in early 2018, with these numbers expected at least to double by 2020, says SEA\LNG Chairman Peter Keller. 2017 has been a momentous year for LNG, but he recognised that there is much to be done to ensure that this momentum continues.
