This new partnership is able to provide both the funding required for LNG conversion as well as the infrastructure for LNG supply and delivery. The companies say conversion to LNG while financing the upfront investment provides the economic benefit of LNG fueling to shipowners without capital deployment, and ensures compliance with ECA regulations taking effect 1 January 2015.<\/p>\n
\u201cThe first question every ship owner asks is \u2018Where will I get the LNG?\u2019 because if they cannot ensure the future delivery of LNG then they will not see the investment payback,\u201d said Pace Ralli, CEO and co-founder, CME. <\/p>\n
\u201cCME\u2019s partnership with WesPac provides the answer to this question and greatly simplifies the decision to convert to clean, lower-cost LNG fuel,\u201d he added. <\/p>\n
As partners in the emerging LNG fueling market, WesPac and CME say the aim is to help reduce the barriers to LNG adoption and help the \u201cearly movers\u201d in the industry.<\/p>\n
WesPac is a leading providers of energy infrastructure and LNG solutions, while FCME is a global facilitator of finance mechanisms for LNG conversion and Emission Control Area (ECA) compliance.<\/p>\n","protected":false},"excerpt":{"rendered":"
WesPac LLC and Clean Marine Energy LLC (CME) have formed a strategic partnership to fund LNG engine upgrades and supply LNG fuel to shipowners using CME\u2019s Emissions Compliance Service Agreement (ECSA).<\/p>\n","protected":false},"author":8,"featured_media":3814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[],"sponsor":[],"class_list":["post-3813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lng"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/3813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/comments?post=3813"}],"version-history":[{"count":1,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/3813\/revisions"}],"predecessor-version":[{"id":3815,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/3813\/revisions\/3815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media\/3814"}],"wp:attachment":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media?parent=3813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/categories?post=3813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/tags?post=3813"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/sponsor?post=3813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}