LNG confidence following market growth

LNG usage The chart shows the rise of LNG as a marine fuel

An LNG supplier predicts continued growth after a big increase in the number of orders for LNG-fuelled ships last year.

The order book for LNG-powered ships grew substantially, the LNG bunkering infrastructure is maturing and the pricing of LNG has become structurally competitive versus marine gasoil (MGO), Titan LNG has remarked.

It stated it was “very much looking forward to 2018 as in the past year the stage has been set for a push in the adoption of LNG as a marine fuel beyond the tipping point.”

Titan LNG emphasised that with the 2020 global sulphur cap imminent, ship owners are facing a choice between MGO, heavy fuel oil (HFO) with scrubbers or LNG fuel.

It added that it believes scrubbers “can only be 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.”

The company said it is confident that overcoming the barriers to scaling up LNG as a transportation fuel is worth it and it stands by its mission to help eradicate oil burn.

LATEST PRESS RELEASES

Oil quality is the key to increased up-time

Research has shown that 80% of all hydraulic failures can be directly attributed to oil contaminatio... Read more

Auramarine appointed as preferred fuel system service provider for entire MARCAS-served fleet

Turku, Finland, 09.10.2018. Auramarine, the leading provider of engine room fuel supply and auxiliar... Read more

Great anniversary year – 60 years of Geislinger & 25 years of “Gesilco®“

Geislinger GmbH, located in Salzburg, Austria, celebrates its 60th anniversary this year which coinc... Read more

MYTASKIT NAMES PACSOFT FIRST INTERNATIONAL RESELLER

Expanding its global presence, MyTaskit has signed its first international reseller. Auckland, New Z... Read more

Vickers Oils are pleased to welcome Ian Bower, Business Development Manager and Esther Murray

Vickers Oils are pleased to welcome Ian Bower, Business Development Manager and Esther Murray, Marke... Read more

SHAFT VIBRATION ELIMINATED WITH VESCONITE HILUBE

After replacing the all-rubber cutlass bearing of his new Jeanneau Sun Fast 35 Tide The Knot a frust... Read more

View all