ShippingWatch

Bunker industry hesitates with LNG

Uncertainty about the market has bunker companies holding back with LNG investments. It will take a political thrust or a high oil price before things become really interesting for the industry. ShippingWatch has interviewed ExxonMobil and IBIA about the potential of the new fuel.

PRESSEFOTO/PRIMAGAZ
Photo: PRESSEFOTO/PRIMAGAZ

SINGAPORE

Surrounded by a region, which consumes more than 70 percent of the world's LNG, it would seem plausible that the relatively new fuel was a hot topic among bunker companies at this year's Asia Pacific Maritime Conference in Singapore. But the bunker industry is still hesitant with investments in liquefied natural gas:

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