Wednesday, February 19, 2020

Shipping: 175 LNG-Fueled Ships Currently in Operation, 203 on Order

This is pretty rapid uptake for a fuel that is different enough from bunker oil that it is not just a matter of flipping a switch to go from one to the other.
Additionally the ships being powered by LNG include some of the largest cruise ships, container ships and within a couple years LNG carriers (using boil-off gas).

For example, French container giant, CMA CGM is making a huge bet on LNG.

From World Maritime News:
There are 175 LNG-fueled ships currently in operation, with 203 on order and a further 141 LNG-ready vessels in operation and sitting on the order books, according to the latest figures from SEA\LNG, a UK-based multi-sector industry coalition aiming at accelerating the adoption of LNG as a marine fuel.
LNG is seen as a transition fuel to a net-zero carbon future and, as such, it marked an acceleration in the uptake across various shipping sectors in 2019, especially for newbuilds.

The key reason behind a greater interest in LNG has been ascribed to the development of the infrastructure to support its uptake.

The latest overview of the market from SEA\LNG indicated that LNG can now be delivered to vessels in some 93 ports with a further 54 ports in the process of facilitating LNG bunkering investments and operations.

When it comes to LNG bunkering, there are active bunkering capabilities or plans to provide LNG bunkers in numerous locations around the globe, including nine out of the world’s top ten ports, the coalition pointed out.

LNG bunkering is already available in the Port of Rotterdam, Port of Amsterdam, Port of Zeebrugge as well as the Port of Barcelona.

In early 2019 there were just six bunkering vessels around the world. As of February 2020, there are 12 in operation with a further 27 on order and / or undergoing commissioning.

Last year saw Nauticor’s 7,500 cbm Kairos – currently the largest operational LNG-bunkering vessel – launch LNG bunkering in the Port of Visby, Sweden....
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