IHS Danish Maritime Forum
LNG as a fuel – why chemical/product tankers will forge the way ahead
LNG as a fuel is taking hold in shipping, but there are questions about how rapid this take up will be, with some leading organisations believing that LNG won't change the marine fuel landscape. While passenger vessels serving fixed routes have been among the early adopters of LNG as a fuel, LNG-propelled boxships, tankers and bulkers will join the world fleet in the years to come and they will require access to LNG bunkering facilities. The development of a global LNG bunkering network is well underway with Asian ports as determined to develop infrastructure as their European peers. Singapore plans to roll out LNG bunkering by 2017, while Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has begun a feasibility study into providing LNG bunkering in the port of Yokohama, one of Japan's busiest. The south Korean port of Ulsan has joined the fray and last month, Australian LNG supplier EVOL LNG too announced that it had been approved to provide truck-to-ship LNG bunkering in port of Fremantle.
It is against this backdrop that the IHS Maritime and Trade team take a detailed look the future impacts of LNG tonnage at its Danish Maritime Days Forum, Discussion topics will include:
• An assessment of sectors and ship sizes that will most readily turn to LNG, with many believing the uptake of LNG is more significant in the smaller ship size categories due to the capital and storage cost implications associated with the fuel's adoption. The product/chemical segment is expected to be a key beneficiary and IHS Maritime and Trade will look specifically at this sector.
• The manning implications - new structural, operational, and crew training provisions for alternative fuel ships will come into force on 1 January 2017 under The International Code of Safety for Ships using Gases or Other Low Flashpoint Fuels (IGF Code).
• A look at safety - the work that need to be done to address safety concerns, particularly over transfer operations within port limits.