SIMIC

IN the nearly three years since the initiation of IMO2020, aimed at reducing sulfur in ship fuels, container shipping operators have embraced innovation, reports Sarajevo's LNG Industry.

They've adopted low-sulphur fuels and scrubbers and explored new engines and fuels.



They prefer alternative fuels driven by a desire for cleaner, more sustainable options to reduce emissions, enhance profitability, and improve reputation.



Liquefied Natural Gas (LNG)-powered vessels in container shipping have seen significant growth, with major players making headlines in the domain since 2012.



The analysis highlights the historical progression and the presence of key companies in industrial media until October 2023, showcasing the rise of LNG as a marine power source.



Before 2017, LNG was primarily adopted regionally, with American operators leading the way.



The pivotal year of 2017 marked a significant shift, with CMA CGM becoming the first major player to use LNG for large container vessels.



Subsequent years saw increased commitment from companies like Hyundai Merchant Marine, Hapag-Lloyd, MSC, ZIM, PIL, and Yang Ming, each making strides in incorporating LNG-powered vessels into their fleets.



Despite criticism and concerns about LNG as a ship fuel, including emissions, costs, availability, and long-term sustainability, it remains a favored choice among shipping companies.



While its long-term efficacy is yet to be determined, LNG is gaining attention as an interim solution for regulatory compliance and environmental responsibility.