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6 reasons for LNG entering the marine fuel market

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  • 1. 6 reasons for LNG entering the marine fuel market
  • 2. 2
    The fleet of LNG fuelled ships is growing – Why?
    Ships in operation
    Confirmed orderbook
    Tables above include all the LNG fuelled ships in operation and on orderbooks globally, and where yard contracts have been signed
  • 3. 3
    Reason 1: Due to stricter emission requirements shipowners must do something to their ships. Status quo is not an option
    ECA Emissions requirements for existing fleets
    ECA Emissions requirements for newbuilds
    Requirement
    2010: SOx < 1,0%
    2015: SOx < 0,1%
    Compliance option
    • HFO + scrubber
    • 4. Distillate fuels
    • 5. LNG
    Requirement
    2011: NOx Tier 2
    2016: NOx Tier 3
    Compliance option
    • Scrubber + SCR
    • 6. LNG
  • 4
    Reason 2: LNG offers environmental performance superior to any other feasible marine fuel
    Compared to conventional HFO marine fuel, LNG offer significant emissions reductions:
    • NOx: 85% reduction
    • 7. SOx: ~100% reduction
    • 8. Particles: ~100% reduction
    • 9. CO2: 15-20% reduction
  • 5
    Reason 3: LNG offers improvedeconomicperformance
    An LNG fuelled ship will be more expensive than a ship with conventional fuel, but the investment will be returned through less fuel consumption, less maintenance, and most probably a cheaper fuel.
  • 10. 6
    Reason 4: Regulation, rules, and standards are already in place in many regions
    Status is promising:
    • The International Maritime Organization (IMO) has issued interim guidelines for a code for gas fuelled ships (IGF)
    • 11. Most class societies have now issued rules, DNVs have been available since 2001
    • 12. Procedures for bunkering and harbour operations are being worked on.
    • 13. One JIP finished
    • 14. ISO work initiated
  • Reason 5: The technology is already proven
    7
    20 ships in Norway are floating evidence of the technical feasibility
  • 15. Reason 6: The competitors may be doing it first
    8
    What if the competition gains a strong competitive advantage because they were quicker in implementing new technology and innovative design?
  • 16. Follow the development in DNV’s LNG blog
    9
    http://blogs.dnv.com/lng
  • 17. 10
    Safeguarding life, property and the environment
    www.dnv.com

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