LNG as Marine Fuel Key Focus of New Report by LR

The November 2013 edition of Lloyd’s Register’s Gas Technology Report is dedicated to LNG as a marine fuel.

Highlights include:

• A look at developments in Canada – a shipowner, the regulator and a shipbuilder talk about gas fuelled shipping
• Progress made by the Maritime and Port Authority in Singapore to develop LNG bunkering
• The CEO of Viking Line talks about the LR classed Viking Grace
• Interviews with SIGTTO and the newly formed Society for Gas as a Marine Fuel (SGMF)

Luis Benito, Global Head of Marketing for Lloyd’s Register, commented: “We hope that this report will help readers build a clearer picture of the realities of being ready to use LNG as a marine fuel. Generally, developments so far reflect our view of a likely trajectory for gas-fuelled investment: take-up is mainly by niche or specialised trades, trades located in emission control areas (ECAs) and point-to-point traders predominantly in ECAs, such as ferries and small containership operators.

“It is exciting to see how fast the marine industry in North America is turning to LNG – few would have predicted this a few years ago. Now it will be interesting to see how quickly gas as fuel will develop in the deep sea trades.”

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LNG World News Staff, November 28, 2013