1 / 12

Winds of change in Shipping « Changing role of LNG »

Winds of change in Shipping « Changing role of LNG ». Anuj Chopra 19 February 2014 . About RightShip. Independent company formed in Oct 2001 Melbourne , London & Houston 230+ Customers globally Ship Vetting & Risk Management Petroleum & Dry Cargo Vetting Service

iliana
Download Presentation

Winds of change in Shipping « Changing role of LNG »

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Winds of change in Shipping « Changing role of LNG » Anuj Chopra 19 February 2014

  2. About RightShip • Independent company formed in Oct 2001 • Melbourne, London & Houston • 230+ Customers globally • Ship Vetting & Risk Management • Petroleum & Dry Cargo Vetting Service • Environmental Rating & CO2 Benchmarking • Largest Providerof Third Party Vetting Services • Global leader in Hosted Petroleum Vetting Solutions • Worldwide dedicated vetting specialists • Former serving Masters and ChiefEngineers • Award winning proven system • ISO9001 & • ISO27001 Certified

  3. RightShip Vetting Activity

  4. LNG as Fuel What are the Drivers? • Price • Green House Gases • SOx / NOx / PM • Environmental activism • Regulatory • Is Society demanding it!

  5. LNG as Fuel

  6. LNG as Fuel – G H G ICCT White Paper – May 2013

  7. LNG as Fuel - Economics ICCT White Paper – May 2013

  8. LNG as Fuel • Inherent advantage of releasing less carbon per unit of energy • No NOx / SOx / PM • What is the “Gross Carbon Footprint” - Supply chain • Best Practices can result in 12% to 27% ↓ reduction in GHG • Fuel Cost may be 25% – 40% ↓lower compared with 1.0% Sulphur • Fuel Cost may be 35% – 50%↓lower compared with 0.1% Sulphur • LNG to Oil – price is decoupled • Regulatoryuncertainty! • Estimates: • 29 ~ 45 ships using LNG as fuel (83 in operation or order) • Projected 3200 vessels on LNG as fuel by 2025

  9. Achieving Sustainability in Vessel Selection Energy Efficiency DesignIndex Energy Efficiency Operational Indicator Existing Vessel Design Index Green House Gas Emissions Rating

  10. LNG as Fuel - Challenges • Onboardstorage & bunkering • Mitigation strategies for LNG Bunker spills • Bunker Capacity issue – trading range • Dual fuel – dual S O P for crew (OBOs ???) • Presently focused on smaller ships in restricted trade • Smaller crew • Crew Training – operation & contingency • Bunker availability • Anchorage lay-ups & Slow Steaming . . .

  11. LNG as Fuel - Challenges We need to make the extra effort to do this right!

  12. Thank you! Email: anuj.chopra@rightship.com

More Related