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Gas still has a bright shipping future in a much cleaner world

Gas still has a bright shipping future in a much cleaner world
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Gas Still Has a Bright Shipping Future in a Much Cleaner World

Gas Still Has a Bright Shipping Future in a Much Cleaner World
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New Decarbonization Rules Could Speed Attrition of Older LNG Carriers, Flex LNG CEO Says

Vessel Owners Scoping Out Technology to Cut CO2 Emissions as Decarbonization Rules Loom - LNG Spotlight

LNG as fuel gathers speed, but older vessels face bumps in the road

Photo: CMA CGM The 23,000 teu, LNG-powered CMA CGM Jacques Saade in the Port of Rotterdam Some 18.5% of newbuildings contracted in the first four months of 2021 are designed to operate on LNG as fuel according to classification society DNV. However, many older vessels are unlikely to meet new IMO carbon intensity requirements likely to be adopted at MEPC 76 in June and due to enter force in January 2023. Even a new ship, delivered in 2022, will need several upgrades over its lifetime to keep abreast of tightening IMO carbon regulations in the years ahead. These were amongst the conclusions drawn by Christos Chryssakis, DNV Maritime’s Business Development Manager, at a webinar earlier this week, addressing the potential of LNG as a marine fuel.

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