Liquefied petroleum gas (LPG) vessel owner and operator BW LPG has signed contracts including future options for the delivery and retrofitting of four LPG-propelled dual-fuel engines in its fleet.
It expects the first retrofitting to take place in conjunction with scheduled drydockings starting 2020.
“BW LPG has been preparing for IMO 2020 for years and today, I am pleased to announce that we have signed contracts for the delivery and retrofitting of four LPG-propelled dual-fuel engines,” says Martin Ackermann, BW LPG CEO.
“We will be the global pioneer in operating next-generation, high-tech green ships with dual-fuel propulsion. Responsible operations and profitability are not conflicting goals – rather, they are preconditions for each other.
“This retrofitting is just one way in which we ensure that our shareholders invest in a forward-looking company that positions itself well for future challenges.”
According to the company, LPG as marine fuel will reduce sulphur oxide emissions by up to 97%, allowing for full compliance with all current and future sulphur emissions requirements; emissions of particulate matters are reduced by 90%, greenhouse gases by 25%, and nitrogen oxides by 20%.
Retrofitted vessels will go beyond International Maritime Organization (IMO)’s global 0.5% sulphur emissions cap to also be in full compliance with Emission Control Areas (ECA) and Sulphur Emission Control Areas’ (SECA) 0.1% sulphur cap.
In addition, the use of LPG as bunker fuel improves output efficiencies by 11% when compared with compliant fuels allowing for significant improvements in total voyage fuel economics. Other efficiencies gained with LPG include easy storage, faster refuelling and wide availability of bunkering ships and facilities.
LPG as fuel also means BW LPG is buffered from price sensitivity to post-2020 fuel price scenarios with full dual fuel flexibility.
Photo credit: BW LPG
Published: 30 August, 2018
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