According to industry experts, fuel switching has become more prevalent in Singapore as LNG outcompetes VLSFO on price. Tankers equipped with dual-fuel engines capable of using both VLSFO and LNG are actively engaging in fuel switching, an analyst at Kepler told ENGINE.
Factors driving the shiftConfidence in LNG as a bunker fuel has grown because of lower prices, which is partly because of a lower Japan Korea Marker gas price benchmark and reduced bunker delivery costs. Bunker delivery costs...
https://mfame.guru/lower-lng-prices-spark-oil-to-gas-switching-in-singapore/