CST: 30/06/2016 23:19:49   

DNV GL at CMA Shipping -- What's Next for LNG

99 Days ago

STAMFORD, CT --(Marketwired - March 23, 2016) - In a presentation at CMA Shipping 2016 in Connecticut Dr. Gerd-Michael Würsig, Business Director LNG fuelled ships at DNV GL -- Maritime, looked at some of the current issues in the LNG industry and provided an overview of what DNV GL is doing to support growth in this segment.

"The main drivers, in order of importance, are price, availability, and of course legislation. LNG as a fuel has the potential to become the most important fuel solution for environmentally sustainable shipping over the next few years," explained Würsig.

In a low cost market with a vast number of liquefaction plants commissioned or under construction, DNV GL expects global LNG production to grow by around 40 percent over the next four years (as compared to figures from 2014). Looking ahead, DNV GL expects the overall use of alternative fuels to increase, including LNG, methanol, and other new fuels produced from natural resources. The challenge will be aligning partners across the industry and regulators around the world.

To set the stage for safe operations a set of LNG rules were developed by DNV GL early on, introducing the first gas fuel rules in 2001 for ferries being built in Norway. "It is clear that operators and owners are looking to regulators and class societies for guidance. Throughout the week, we've repeatedly heard that companies are 'learning as they go.' DNV GL's notations on gas fueled ships are the most advanced available and address the global picture," explained Paal Johansen, DNV GL's Executive Vice President for Region Americas. Currently, there are roughly 160 ships in operation and on order worldwide. "We are very pleased to see the significant growth within the LNG industry in the Americas. Looking at the newbuilding projects, 25 percent confirmed they will operate in American waters, which means this region will be second only to Europe in terms of LNG operations. DNV GL is committed to supporting operators and suppliers and will continue to deliver solutions to drive growth in the market," Johansen added.

One of these solutions is DNV GL's new LNG intelligence portal (LNGi). Released Monday, March 21, it aims to bring stakeholders from across the LNG industry together to share market intelligence and contribute to the uptake of LNG as a ship fuel. The portal allows subscribers to assess the availability of LNG fuel for specific trade routes and newbuild projects. It also provides information about current market developments, as well as status updates of other alternative fuels and emissions reduction technologies across every vessel segment. Leading LNG suppliers and engine manufacturers including, Shell, the Marine division of Rolls-Royce and MAN will be some of the first companies to use LNGi.

About CMA Shipping
The CMA Shipping conference and trade show is held each March in Stamford, Connecticut and has gained a reputation as the premier shipping gathering in North America. It offers a dynamic and topical seminar program, combined with cutting edge exhibits and an enormous range of networking opportunities attracts over 2,400 major domestic and international industry players each year.

About DNV GL
Driven by its purpose of safeguarding life, property and the environment, DNV GL enables organizations to advance the safety and sustainability of their business. Operating in more than 100 countries, the company's 15,000 professionals are dedicated to helping their customers in the maritime, oil & gas, energy and other industries to make the world safer, smarter and greener. For more information visit www.dnvgl.com/maritime

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Media Contact:
Rachel Carmichael
Communications Manager
DNV GL Region Americas
Tel: (281) 396-1341
Email: rachel.carmichael@dnvgl.com