ShippingWatch

World Bank stands firm on warning against LNG in shipping

With the US and other countries headed for net-zero CO2 emissions in 2050, the business case for LNG as a shipping fuel is becoming increasingly risky, says World Bank economist Dominik Englert in an interview with ShippingWatch. Current climate policy events appear to confirm that time may be running out for LNG in shipping.

Photo: UECC

With growing political pressure for a rapid transformation of the global economy from fossil-based to sustainable production, shipowners should think twice before they invest in LNG as a transitional fuel in shipping, the World Bank warned in a recent report on LNG as a shipping fuel.

Since the release of the report, lawmakers in many countries are intensifying the fight against climate change, making the risk of stranded LNG-based shipping appear imminent.

Read the whole article

Get 14 days free access.

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

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs