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SEA\LNG shares ‘View from the Bridge’ of LNG marine fuel growth in 2019/2020

13 Feb 2020

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, on Wednesday (12 February) shared its ‘View from the Bridge’ report.

The 13-page document tracks the uptake of liquefied natural gas (LNG) as a marine fuel from 2019 to date.

“Now that we have passed 1st January 2020, the much anticipated global sulphur cap is finally a reality. The importance of this clean air initiative for global health is widely agreed and should not be under emphasised,” said Peter Keller, Chairman, SEA-LNG.

“Likewise, the critical role that LNG can play in clean air and global health initiatives must not be forgotten or trivialised as these are still matters of real concern to the world’s citizens. This time last year I said 2019 would be the year of acceleration for LNG, and it was!

“With increasing orders for LNG-fuelled vessels and LNG bunker vessels, together with expanding infrastructure shoreside to provide the critical last-mile delivery of LNG to ships; LNG as a marine fuel remains THE economic and environmental choice. Increasingly too, LNG is seen as THE transition fuel to a net-zero carbon future.

“While we anticipate LNG as marine fuel will evolve into bio or synthetic methane, the LNG safety and operational guidelines, as well as infrastructure, will act as best practice for the adoption of alternative fuels over the longer term.”

In short, the report recorded growth in the use of LNG as a marine fuel in the containers, Pure Car and Truck Carriers (PCTC), tankers, cruise & ferry, and bulker segments – up 22% and 50% respectively form January 2019 – and the worldwide expansion and development of LNG bunkering infrastructure along key trade lanes.

The full ‘View from the Bridge’ report can be viewed here.

Photo credit: SEA\LNG

Published: 13 February, 2020

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