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Commissioned study pitches LNG marine fuel as best economic option

SEALNG has released a study revealing a strong investment case for LNG as a marine fuel in the container shipping market

Commissioned study pitches LNG marine fuel as best economic option

SEALNG has released a study revealing a strong investment case for LNG as a marine fuel in the container shipping market

31 January 2019 - 19:00

SEALNG has released a study revealing a strong investment case for LNG as a marine fuel in the container shipping market.

'We commissioned this study from independent simulation and analytics expert Opsiana to support shipowners and operators in analysing their investment opportunities in an informed way,' said SEALNG chairman Peter Keller.



'The study unequivocally shows that for this vessel type, on this trade route, LNG as a marine fuel delivers the best return on investment on a net present value (NPV) basis over a conservative 10-year horizon, with fast payback periods ranging from one to two years,' he said.



The results of the study, which analyses the case of a newbuild 14,000-TEU vessel operating on an Asia-US West Coast (USWC) liner routing and compares six fuel pricing scenarios, challenge commonly held assumptions in relation to the economic performance of LNG bunkers, said the press release.



'The results are even more compelling given the investment scenarios are compiled and compared based upon on a route with very little voyage time (eight per cent) in Emission Control Areas (ECAs).



LNG is also proven to be the best investment across a broad spectrum of business climates from strong freight markets with elevated vessel operating speeds to weak freight markets where slow steaming is employed,' it said..



Opsiana is a Scandinavian consultancy providing innovative solutions to the most complex business problems. Opsiana's consultants are recognised optimisation, simulation, and analytics experts with deep knowledge of the shipping and marine fuels segments.



Opsiana has developed proprietary algorithms for the optimisation of liner networks, strategic and tactical fuel procurement, and marine pilotage. For more information please visit www.opsiana.com.


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