Thursday, December 5, 2019

Shipping: "CMA CGM bolsters its LNG fuel supply with Total deal"

From FreightWaves:
CMA CGM said it signed a deal with France’s largest energy firm to supply liquefied natural gas (LNG) to power container ships.

The fourth-largest global carrier by capacity, CMA CGM said the deal with Total’s marine fuels division will cover LNG supply at the Marseille-Fos fueling hub in the Mediterranean. Terms were not disclosed.

Total will supply approximately 270,000 metric tons of LNG per year over the next 10 years. CMA CGM said it will be the volume needed for its 15,000 twenty-foot equivalent unit (TEU) container ships that are expected to be delivered in 2021.
The ships will operate between Asia and the Mediterranean. Total will also offer LNG fueling at Singapore’s marine fueling hub.

CMA CGM is the biggest proponent of LNG as an alternative marine fuel. It meets the upcoming regulation that requires marine fuels to contain no more than 0.5% sulfur, and it offers a glidepath to the shipping industry’s commitment to cut carbon dioxide output in half by 2050....MORE
Previously:
September 2018
Shipping: "Why CMA CGM ordered 'game changing' 22,000 TEU LNG-powered containerships"
January 2019
Shipping: CMA CGM Took Delivery Of Its First LNG Powered Vessel
January 2019 
Shipping: CMA CGM May Be Building A Big Fuel Price Advantage
March 2019
Shipping: CMA CGM To Spend €1.2 Billion on New Container Ships
June 2019 
CMA CGM's Containerships Welcomes Its Second LNG-Powered Newbuild
June 2019 
CMA CGM to Have 20 LNG-Powered Containerships by 2022
September 2019 
Shipping: CMA CGM Launches World's Largest LNG-fueled Container Ship