LNG bunkering coalition SEA-LNG on Friday highlighted the findings of an independent study reconfirming that LNG as a marine fuel reduces GHG emissions by up to 23 per cent. The post SEA-LNG: study…
https://www.offshore-energy.biz/sea-lng-study-affirms-lng-cuts-shipping-ghg-emissions/
According to shipbroker Gibson, the current orderbook for LNG-fuelled vessels stands at over 130 ships, including 40 containerships.
“Of these, Hapag-Lloyd has six 23,000 teu vessels under construction at DSME, CMA CGM has four 22,000 teu vessels on order, along with nine 15,000 teu vessels at HHI, while Eastern Pacific Shipping has 10 14,800 teu ships on order from HHI,” reported Gibson.
However, there is little appetite for ordering smaller LNG-fuelled container …
The post Plenty of orders for...
Debate over the transition to zero-carbon fuels could easily become stagnated, with the conservatives in the industry resisting the rapid decarbonisation of the industry on the grounds that a zero-carbon fuel, produced in sufficient quantities, is not yet available.
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https://container-news.com/petrified-thinking-leads-to-a-fossilised-carbon-debate/
Platts and SEA-LNG expands LNG fuel pricing visibility by a new collaboration, says a press release published on their website.
Fuel pricing visibilityS&P Global Platts (Platts) and SEA-LNG announced a new collaboration to increase visibility in fuel bunker pricing and improve decision making around the viability of using LNG to power fleets.
About the agreementUnder the terms of the agreement, SEA-LNG will display monthly averages of Platts’ daily LNG bunker price assessments on its refreshed...
https://mfame.guru/platts-sea-lng-join-to-improve-lng-pricing-visibility/
Leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, S&P Global Platts (“Platts”) and SEA-LNG, the coalition for accelerating LNG as a marine fuel, have today announced a new collaboration to improve the visibility of LNG fuel pricing.
Under the terms of the agreement, SEA-LNG will display monthly averages of Platts’ daily LNG bunker price assessments on its refreshed website, as well as Platts’ fuel oil bunker assessments. By...
A recent news article...
https://mfame.guru/sea-lng-says-every-10-of-bio-lng-dropped-blended-with-lng/
Shell, in its latest LNG Outlook published on their website, says Global LNG trade increased to 360 million tonnes in 2020 despite the unprecedented volatility caused by the COVID-19 pandemic.
Prediction on LNG demandGlobal LNG trade increased to 360 million tonnes in 2020 despite the unprecedented volatility caused by the COVID-19 pandemic, says oil major Shell in its latest LNG Outlook.
The report also predicts that global LNG demand is expected to reach 700 million tonnes by 2040.
Key trends...https://mfame.guru/global-lng-demand-to-reach-700-mt-by-2040-says-shell/
Every 10% of bio-LNG drop-in gives another two years ‘runway extension’ for GHG reduction compliance
Bio-LNG provides competitive advantage, providing favourable finance longer through greater emissions reductions
LONDON, 25 February 2021: New analysis from SEA-LNG, the coalition for accelerating LNG as a marine fuel, has determined that for every 10% of bio-LNG dropped in and blended with LNG as a marine fuel, a vessel can achieve two extra years’ compliance with the Annual Efficiency...
New analysis from SEA-LNG, the coalition for accelerating LNG as a marine fuel, has determined that for every 10% of bio-LNG dropped in and blended with LNG as a marine fuel, a vessel can achieve two extra years’ compliance with the Annual Efficiency Ratio (AER) curve used to secure preferable funding under the Poseidon Principles. This extends the average seven-year additional competitive advantage for Poseidon Principle loans achieved with LNG alone.
The analysis compares LNG plus bio-LNG from...
A report just released by SEA-LNG, the multi-sector industry coalition advocating for LNG as a marine fuel, says that LNG-fueled vessels account for approximately 13% of the current newbuild order book, with estimates for 2021 and beyond showing continuing growth in many classes of vessels. Importantly, 2020 also saw the first uses of bio-LNG by deep-sea ocean vessels, reducing their carbon footprints.
The report outlines how LNG as a marine fuel has moved from being a niche option to a...