The SEALNG coalition has released the results of an investment study that, it says, shows that LNG is “a compelling investment solution” for VLCCs operating onthe Arabian Gulf to China trade route.
Conducted by independent simulation and analytics consultancy Opsiana, the study demonstrates clear benefits of LNG as a marine fuel for a newbuild 300K DWT VLCC on the Arabian Gulf to China trade route, in comparison with other alternatives currently available.
The business case compares the relative investment performance of four propulsion alternatives: a conventional VLCC sailing with Very Low Sulfur Fuel Oil; a scrubber-equipped VLCC sailing mostly with Heavy Fuel Oil; and two LNG-fueleded VLCCs, one with a high-pressure two-stroke engine, the other a low-pressure two-stroke engine.
According to SEALNG, “the study clearly indicates that LNG as a marine fuel delivers….
