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.
SEA\LNG, the coalition aiming to accelerate the adoption of LNG as a marine fuel, announced that it has added another member in its membership coalition: MAN Diesel & Turbo. SEA/LNG will try to leverage MAN’s focus in converting existing vessels to operate using LNG as a fuel.
The SEA\LNG coalition urged Norway to support and participate in internationally-coordinated policies to reduce CO2 emissions from shipping, such as the IMO’s regulatory regime for GHG reduction, over the recently-approved domestic CO2 tax on LNG which “is badly timed and will likely increase emissions”.
SEA\LNG which aims to accelerate widespread adoption of LNG as a marine fuel, announced the addition of ‘Societe Generale’, the first financial institution ever entering the group. Joining a growing band of industry leaders from across the LNG value chain, Societe Generale brings an essential financial perspective to the coalition.
Although it could be argued that there remain more unanswered questions than definite answers arounf the 2020 global sulphur cap, the momentum behind LNG as a viable, sustainable marine fuel is undeniable, argued Stephen Cadden, COO, and Steve Esau, General Manager of SEA\LNG coalition.
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