Switching to LNG power may shave 45% off shipping operating costs

A SWITCH to liquefied natural gas power could potentially save 45% on total vessel operational costs over a 20-year period compared with standard heavy fuel oil, according to a new study by classification society DNV.

The report focuses on the economic and environmental benefits of LNG as an alternative fuel for shipping and comes just as several of the major European class societies have begun to publicly push the concept of a fuel switch, particularly...

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