Chicken-and-egg problem for Asian LNG bunkering14 March 2017
Asia’s LNG bunkering sector is caught in the chicken-and-egg dilemma of needing to offer refuelling services before shipowners invest in new vessels, according to experts.
Tighter limits on the sulphur content of marine fuels are due to be implemented over the next few years and will quadruple the cost of bunkering if compliant fuels are used, according to Sushant Gupta, Asia refining research director at Wood Mackenzie. This should encourage shipowners to look for alternative ways to comply with the rules, including switching to LNG.
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