Antonio Peciccia of global energy and commodity price reporting agency Argus Media on Thursday (3 December) published an article summarising Shell’s plans to invest in its liquified natural gas (LNG) bunkering vessel fleet to meet projected global demand:
Shell plans to “more than double” its LNG bunkering vessel fleet by 2025, the firm’s executive vice-president Steve Hill said at the virtual CWC World LNG summit.
The firm has six LNG bunkering vessels already in operation or about to start service, Hill said.
LNG is set to sharply increase its share of the bunkering market in the coming years, also thanks to its global availability, he added. LNG is already available “in all major ports”, and a widespread use as a marine fuel only requires “those last mile investments” to make it available for bunkering operations, he said.
While relatively small investments may be needed to complete the supply chain for LNG as a marine fuel, the economic downturn stemming from the Covid-19 pandemic may hamper demand growth by slowing investment decisions in building new LNG-fuelled ships or conversions of existing vessels.
Singapore-based Pavilion Energy’s chief executive Frederic Barnaud admits he “was a little bit worried at the beginning of the pandemic” about the potential impact on investment decisions on new LNG-fuelled ships. But final investment decisions “have been made and are being made”, he added.
The number of LNG-fuelled vessels has reached 211 at present, up from 194 at the end of 2019.
Photo credit and source: Argus Media
Published: 7 December, 2020
Automation and gas handling systems of the new LNG refuelling vessel segment ‘particularly complex’.
Vessels have structural notation to be LNG Ready, with Euronav and Daehan Shipbuilding working closely to also have structural notation to be Ammonia and Methanol Ready.
Bunker terminal supported by the 10,000 dwt “MT Alpha” that is capable of delivering HSFO 3.5% Sulphur, VLSFO 0.5% Sulphur, and LSMGO.
Firm providing truck-to-ship LNG bunkering for two DF tugs operated by Keppel Smit Towage since May 2018.
Joint work by GTT, Alwena Shipping and CHI Zhoushan offers a way to decarbonise part of a container ship fleet which is currently in operation.
Parties enter MoU to negotiate over conditions for joint activities at proposed Lahepere bay site in Paldiski.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
