A lack of refuelling and bunkering infrastructure has been identified by over 80 senior energy industry leaders from across the Asia Pacific region as the biggest hurdle for the uptake of liquefied natural gas (LNG) as marine fuel in Asia, according to a Deloitte survey.
Survey respondents cited the retrofitting and/or redesign of the existing shipping fleet to accommodate the LNG bunker fuel option as the second biggest barrier to adoption, followed by the price competitiveness of LNG versus liquid fuels.
However, despite the challenges, over two-thirds (68%) said if the marine fuel market switches to LNG, it will have a positive effect on their overall business.
“LNG is particularly well placed to benefit from the IMO’s emissions legislation. Our survey results are clear recognition the stricter standards will open the door for cleaner marine fuels like LNG and low sulphur marine gas oil to displace heavy fuels,” says Bernadette Cullinane, Deloitte Global LNG leader and Australia oil and gas lead after the second annual Deloitte Energy Trading Summit in Singapore.
“Almost every maritime authority in the world that offers bunkering is now taking a serious look at LNG as an alternative to fuel oil. Whilst infrastructure is an issue, it is being built, and new vessels have been designed, built and are on order.”
Cullinane added that with the globalisation of the LNG market, companies are actively looking at new applications and new markets for gas.
“One of the biggest opportunities for LNG over the next decade will be in transportation, particularly as a marine fuel,” she said.
“This option is rapidly gaining momentum, presenting an attractive market opportunity for LNG producers.
“With competition from alternative fuels, especially renewables in the power generation space, LNG needs to develop new customer markets to absorb supply and justify investment in new production facilities.
“Transportation is a terrific opportunity for LNG suppliers to tap into a growing market. By expanding the customer base, it’s a play that will help underwrite and de-risk future supply developments.”
Published: 21 June, 2018
There will be no single or simple fuel technology solution, no single party that can set the pace, no single regulation that will drive the necessary change, states World Shipping Council.
Vessels will be delivered in October and December 2023 when the first of seven newbuildings already ordered by Furetank and partners is scheduled to be delivered from a Chinese shipyard.
LPG reformer converts LPG into synthetic methane gas, similar to the kind found in LNG, for engine combustion.
First time SIEM has refuelled the vessel from a landside bunkering facility, and the first ship Eagle LNG refuelled of that size from the bunkering facility.
The 7,500m³ LNG supply system delivered to Keppel O&M early this year was a deciding factor for obtaining another order from Gloryholder, it states.
The vessel is the third addition to Titan LNG’s existing operational barges (FlexFueler’s 001 and 002) and will provide better loading economics for the company.
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.
