Adoption of LNG as a marine fuel accelerates

JANUARY 3, 2018 — Amsterdam headquartered Titan LNG says that adoption of LNG as marine fuel significantly accelerated in 2017, setting the stage for a push beyond the tipping point.

The order book for LNG-powered ships grew substantially last year, the LNG bunkering infrastructure is maturing and, says Titan LNG, the pricing of LNG has become structurally competitive versus MGO.

"In 2017 around 11% of all newbuild contracts were LNG powered ships, a trend that we expect to continue during 2018," says Titan LNG. "Shipowners are facing a choice with 2020 approaching: run on MGO, HFO with scrubbers, or go for LNG."

Titan LNG is a leading full service supplier of LNG to the marine and industrial markets in North West Europe. Titan LNG's sister company Rolande LNG is the leading LNG fueling station operator for road transportation.

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