LNG is the best fuel option for the future in the shipping industry, which has to come up with new solutions to stricter environmental rules in coming years, says Angus Campbell, Managing Director of Bernhard Schulte Shipmanagement UK. Carriers and shipowners who choose to invest in the liquefied natural gas as bunker fuel for their ships now, can secure a market-leading position, and there is every reason to do so, he believes.
"Distillate fuels are expensive and there is a likelihood that the price will increase due to demand as emission regulations are enforced in multiple areas," he explained to the audience at the recent Gastech conference in Singapore.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
CEO wants to keep DB Schenker brand – buyers stand ready
While the German government is considering a privatization of DB Schenker, the logistics group’s CEO, Jochen Thewes, believes the Schenker brand, which is the world’s fourth largest within logistics, deserves a future.
Ukrainian minister expects last minute extension of crucial sea transport deal
Extending the UN-coordinated agreement for Black Sea transport likely won’t happen until right before deadline, says Ukrainian minister. 231 dry cargo vessels have so far carried 5.3 million tonnes of grain and other foods through the corridor.
Waning demand has Maersk sailing slower
Maersk’s fleet of container ships are to slow down in reaction to a significant drop in demand, CEO Søren Skou tells Reuters in an interview.
Container carriers improved schedule reliability in August
Major container liners’ ability to arrive on time progressed in August, which saw the largest monthly leap so far in 2022, writes Sea-Intelligence.
Singapore's Sentek faces 42 charges in case of bunker stolen from Shell
The Singapore Police Force has brought 42 charges against Sentek Marine & Trading for having procured bunker oil between 2014 and 2018, which the company allegedly knew was stolen from a Shell refinery.
Experienced People & Culture Business Partner for the offshore wind industry 
Fleet Manager 
Freight and Logistics Officer 
IT Specialist 
Technical Superintendent 
Commercial Director - Europe 
Student Assistant for Program Management 
Purchase & Logistics Manager based in Copenhagen