NEWS COMMENTARY

LNG as a marine fuel picks up steam, according to SEA\LNG

Published:
February 25, 2020
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Within a month of IMO 2020 taking effect, LNG continues to gain momentum as a marine fuel across many shipping sectors. In a recent report, U.K.-based SEA\LNG reveals that the industry has seen increasing orders for LNG-fueled vessels and LNG bunker vessels as well as expanding infrastructure to facilitate growing demand. The report also acknowledges that LNG will not be enough to meet IMO carbon targets by 2050 but provides a pathway to meet IMO 2030 targets and facilitate a transition to alternative fuels like biomethane. While clients should continue to focus on LNG as a marine fuel in the near term, marine biofuels offer a significant long-term opportunity, and it is worth monitoring developments in this space.

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