LNG-powered ship fleet needs more infrastructure to expand

The number of new liquefied natural gas-powered vessels will almost double around the globe this year, as the deadline for slashing the sulfur content of bunker fuel is fast approaching, but their further increase to significant figures greatly depends on the improvement of infrastructure, a senior market monitoring official tells Kathimerini English Edition.

In January 2020 the International Maritime Organization (IMO) will impose a limit of 0.5 percent of sulfur in the fuel that merchant vessels use (down from the current limit of 3.5 percent), forcing many to install exhaust gas cleaning systems, or scrubbers, to comply with the new regulations. Alternatively ships can use LNG as fuel, but the global fleet of new LNG-powered vessels (delivered since 2006) around the world only stood at 31 at the end of 2018, according to VesselsValue, one of the global leaders in...

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