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
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.