New is Better in LNG Propulsion : Concludes Major Study

Study shows owners prefer LNG propulsion in newbuilds than retrofit existing ones.
Out of 143 vessels of global LNG-fuelled fleet, only 8 are retrofits as they spend more time in emissions control area (ECA).
Phased adoption of LNG is beneficial as it will allow time to develop the necessary additional infrastructure.
LNG averaged US$220 per tonne less than ECA-compliant LSMGO and also retained a substantial discount relative to LSMGO.
LNG price hovered between US$64 – US$38 a tonne lower than...