Clarksons Research is closely tracking uptake of “green” technology that will impact the shipping industry’s 883mt (2008: 1,028mt) and 2.4% contribution to global CO2 (and 1.8% of all GHG). Reviewing data points and latest trends in technology uptake and fleet renewal extracted from our upcoming...
Top questions in everybody’s mind include when will the energy crisis come to an end and when will energy markets return back to normality. These and a host of other uncertainties frame 12 themes expected to shape the outlook, markets and prices for natural gas...
A rapidly expanding global fleet of LNG-fuelled ships, particularly in the container, tanker and cruise sectors, is underpinning continued growth in the LNG bunker vessel market, and LNG demand. Following on from record ordering in 2021 that saw 240 LNG-fuelled vessels contracted at shipyards, DNV reports 40...
2021 was a year of dramatic progress and growth for LNG (Liquefied Natural Gas) as a marine fuel and its pathway to decarbonisation. Orders for LNG-fuelled vessels hit record levels while the bunkering infrastructure continued to expand at pace. There was significant progress on increasing production of...
Renewable synthetic LNG, chemically identical to fossil LNG, but carbon-neutral, has made big advances in recent months. The drop-in versatility of renewable synthetic LNG and its biogenic relation, bioLNG, vindicates the continued pursuit of their commercialisation, as the order book for LNG powered ships expands. The...
LNG has been highlighted as the best starting point to do something that would set on an ultimate course of moving to new zero-carbon fuels in the future. Many of the shipping industry’s top executives gathered on Glasgow over the weekend to give their verdict on...
SEA-LNG warns that barring fuels for industry decarbonisation strategy will hamper drive towards net-zero. The shipping industry, its regulators, and its supporters need to focus on reducing emissions, without prejudging the technology needed to achieve that. The rapidly growing order book for LNG-fuelled vessels illustrates that...
We are doing our part. Shipping’s green transition is achievable, but we need governments and regulators establish policy frameworks that make zero emission shipping commercially viable, investable, equitable, and inclusive. We support the Call to Action for Shipping Decarbonization, which calls for decisive government action to...
2021 has been a banner year for new LNG dual-fuel vessel construction contracts as reported by DNV and others. This trend is expected to continue. Major deep-sea sectors of the maritime industry are embracing LNG in efforts to reduce both local and global emissions, as...
The global orderbook for container ships jumped significantly in the first half of the year as freight rates surged on record demand and COVID-19 lockdown measures disrupted operations. There were 'well over' 300 vessel orders in the first half of 2021, totalling 2.88 million TEU of...
Traditionally, LNG terminals constitute large-scale projects, with the goal of providing access to clean energy to fleets, onshore transportation and households. However, the past few years have seen increased development of small-scale LNG throughout the world. Small-scale LNG provides three major advantages. First, large-scale LNG terminals...
Despite that some voices have recently and in the past try to present a limited use of LNG in the future alternative fuel mix, noting that its benefits are not enough to support carbon reduction goals, the reality is much different. LNG is becoming a much more...