Liquefied natural gas (LNG) bunker supplier Titan LNG on Thursday launched an in-house developed “Marine LNG Assessment Tool” providing decision support for shipping companies that are weighing their options regarding future propulsion for their vessels.
“As an experienced provider of LNG bunkering services, we understand that a new fuel is a complex decision for ship owners and charterers,” it explains.
“That’s why we decided to build this user-friendly tool to help evaluate if LNG is suitable for specific vessel types and trade patterns.
“Vessel design and operational aspects are combined with realistic pricing scenarios to provide a quick assessment if LNG is beneficial for a specific project.
“The tool shows how the attractive price difference between MGO and LNG, plus the higher energy content of LNG, may justify the extra costs of the LNG system.”
Moving forward, Titan LNG says it is looking forward to helping potential users and will use feedback to further improve the questionnaire and the output of the tool.
The LNG assessment tool can be found here.
Photo credit: Titan LNG
Published: 19 November, 2018
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