LNG as a Marine Fuel
80% Believe There is a Business Case for LNG as a Marine Fuel – Reveals New Industry Report on LNG Bunkering Trends 2013 and Beyond
With the ECA regulations on fossil fuel emissions coming into effect in 2015, the world of shipping has turned to liquefied natural gas (LNG) as a greener, cleaner alternative to conventional diesel power. However most see the lack of LNG infrastructure as one of the most prominent barriers.
Oil & Gas IQ’s special industry report, LNG Bunkering: Worldwide Trends 2013 and Beyond, based on a survey of ports, shipping operators and LNG providers, maps these current trends and challenges of LNG as a marine fuel worldwide.
Other insights into the upcoming transformation of the bunkering world provided from this detailed infographic include:
Economic feasibility is seen as the second greatest challenge facing LNG Bunkering
42% of new build dry bulk carriers are expected to be LNG-fuelled in 2015
Singapore, North West Europe and the Persian Gulf have the highest bunkering demand currently
The Conventional – vs – Proposed LNG bunkering options of ports
This report was prepared in collaboration with the upcoming LNG Bunkering Summit, the first event to address the LNG bunkering infrastructure as it unfolds within Europe, taking place 28th – 30th January 2013 in Rotterdam.
This content forms part of the event’s resource centre, which also includes an exclusive interview with Johan Algell, Managing Director of White Smoke Shipping about why liquefied natural gas (LNG) should be the shipping fuel of the future.
Find the full program, event details and registration information about the LNG Bunkering Summit at http://www.lngbunkeringsummit.com/news, call +44(0)-20-7036-1300 or email email@example.com.
Media contact: Nishkala Thiru, Marketing Manager, +44(0)20-7368-9725, Nishkala.Thiru@iqpc.co.uk or visit http://www.lngbunkeringsummit.com/news
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Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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