LNG Bunker Market’s Adolescent Stage: Interview Insights | Mariner News
The global LNG bunker market is quickly maturing, moving from its infancy into an ‘adolescent stage,’ according to Peter Keller, Chairman of SEA-LNG. In an insightful interview with Ship & Bunker, Keller highlighted the significant progress, noting that approximately 10% of the global fleet by deadweight is now utilizing gas as a marine fuel. This robust growth establishes LNG as a mainstream, viable energy pathway for the maritime industry, marking a pivotal moment in its development.
Accelerating LNG Marine Fuel Adoption
By 2025, the industry anticipates around 2,500 LNG dual-fuel vessels, encompassing various ship types from cargo carriers to cruise ships. This substantial number underscores the increasing confidence in LNG as a long-term marine energy solution. Future demand for LNG marine fuel is expected to concentrate in major shipping hubs, driven by the need for more long-term bunker contracts over spot deals to encourage further infrastructure investment.
LNG’s Role in Sustainable Shipping
SEA-LNG, founded nearly a decade ago, continues to champion LNG’s role in reducing shipping emissions. While the market isn’t fully mature, its adolescent phase signifies strong momentum towards a greener future. The ‘methane pathway’ offered by LNG provides a crucial step in the maritime industry’s journey towards decarbonization, offering a proven and increasingly adopted low-emission fuel option for vessel operators worldwide.
