Lloyd’s Register Issues Gas Technology Report

Maritime Activity Reports, Inc.

November 27, 2013

The November 2013 edition of Lloyd’s Register’s Gas Technology Report is dedicated to LNG as a marine fuel. Highlights include a look at developments in Canada – a shipowner, the regulator and a shipbuilder talk about gas fuelled shipping, progress made by the Maritime and Port Authority in Singapore to develop LNG bunkering, the CEO of Viking Line talks about the LR classed Viking Grace and interviews with SIGTTO and the newly formed Society for Gas as a Marine Fuel (SGMF).

Luis Benito, Global Head of Marketing for Lloyd’s Register, commented, "We hope that this report will help readers build a clearer picture of the realities of being ready to use LNG as a marine fuel. Generally, developments so far reflect our view of a likely trajectory for gas-fuelled investment: take-up is mainly by niche or specialised trades, trades located in emission control areas (ECAs) and point-to-point traders predominantly in ECAs, such as ferries and small containership operators.

"It is exciting to see how fast the marine industry in North America is turning to LNG – few would have predicted this a few years ago. Now it will be interesting to see how quickly gas as fuel will develop in the deep sea trades."

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