LNG is an inexpensive energy source for maritime vessels but as a ship fuel it is a tool for the maritime industry to meet upcoming environmental regulations. LNG improves air quality and reduces GHG emissions. Its appeal compared with scrubber technology and/or use of MGO is down to four main reasons:

    • the time spent by vessels within ECAs
    • cost differences between LNG and HFO+scrubber or MGO
    • investment costs for LNG technology (engine/tanks/piping)
    • availability of financial incentives