Lloyd's Register: Need for heavy fuel is rising

Even though a Lloyd's Register study shows an increased consumption of LNG by 2030, the need for heavy fuel will only go one way. Up. Heavy fuel will still account for more than half of the fuel consumed by 2030.

Photo: OW Bunker

The use of LNG might look set to grow and - according to a study performed by Lloyd's Register - account for 11 percent in 2030, but the need for heavy fuel oil, as we know it today, will only increase in the years to come and still account for more than half of the market's need by that time.

This is apparent from a presentation by Jesper Aagesen, Area Consultancy Manager, Scandinavia, Baltic & Western Europe, Lloyd’s Register Marine, on Tuesday at Lloyd's Register. The event was part of Danish Maritime Days about the Future of Shipping and was held at Admiral Hotel in Copenhagen.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Related articles

Latest news

See all jobs