Amsterdam-based Liquefied natural gas (LNG) solutions supplier Titan LNG believes adoption of the product as a marine fuel ‘significantly accelerated’ in 2017.
It noted the order book for LNG-powered ships growing substantially in 2017, with the LNG bunkering infrastructure maturing and the pricing of LNG becoming structurally competitive versus marine gas oil (MGO).
“In 2017 around 11% of all new build contracts were LNG powered ships, a trend that we expect to continue during 2018,” it said.
The company, meanwhile, says scrubbers are a “temporary solution” and that LNG fuelled ships, “combined with power-to-gas or biogas offer a credible and cost competitive path to decarbonisation and improved air quality.”
“We are confident that overcoming the barriers to scaling up LNG as a transportation fuel is worth it and we stand by our mission to help eradicate oil burn,” it states.
Image credit: Titan LNG
Published: 2 January, 2018
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