Fueling Marine Shipping: The Potential of LNG?

There are over 90,000 cargo ships powered by oil-based fuels that, according to one study, account for 3-4% of worldwide emissions (including SOx, NOx, PM and CO2). In 2012, the International Maritime Organization sparked a series of regulations aimed at reducing sulfur emissions and in January, 2015, a new U.S. rule went into effect that requires ships operating in coastal waters to make further reductions. With an abundance of U.S. natural gas, one potentially cost-effective compliance option is to transition to marine shipping fueled by LNG, however, challenges remain. Supporters of LNG as a fuel source say it will reduce… [more]