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SEALNG research study makes solid instance for LNG as a VLCC gas

marinesalvage by marinesalvage
October 31, 2021
in News
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The SEALNG union has actually launched the outcomes of a financial investment research study that, it claims, reveals that LNG is “a compelling investment solution” for VLCCs running onthe Arabian Gulf to China profession path.

Conducted by independent simulation and also analytics working as a consultant Opsiana, the research study shows clear advantages of LNG as an aquatic gas for a newbuild 300K DWT VLCC on the Arabian Gulf to China profession path, in contrast with various other choices presently offered.

The organization instance contrasts the family member financial investment efficiency of 4 propulsion choices: a traditional VLCC cruising with Very Low Sulfur Fuel Oil; a scrubber-equipped VLCC cruising mainly with Heavy Fuel Oil; and also 2 LNG-fueleded VLCCs, one with a high-pressure two-stroke engine, the various other a low-pressure two-stroke engine.

According to SEALNG, “the study clearly indicates that LNG as a marine fuel delivers a strong return on investment on a net present value (NPV) basis over a conservative 10-year horizon. The analysis is bolstered by compelling paybacks from three to five years.”

Peter Keller, Chairman, SEALNG, commented: “This is the third in a series of investment studies commissioned to support shipowners and operators in decision-making at this crucial time. In addition to the positive results of studies undertaken by Opsiana for the liner and PCTC segments, this study underlines the compelling investment case for VLCCs.”

SEALNG claims the path was selected due to the fact that it is the significant power profession passage from the Middle East toChina Providing better clearness for those buying LNG, the research study highlights a number of crucial searchings for: engaging returns on an NPV basis, the lessening CAPEX difficulty for LNG engines, LNG provides affordable power expenses, has greater ecological efficiency, and also is one of the most economically efficient lasting technique for adhering to the IMO 2020 sulfur cap.

While the outcomes of this research study are based upon a collection of gas projection presumptions, with the “Reader’s Choice” modeling, stipulation has actually additionally been produced each viewers to use their individual clairvoyance on future costs. Impacts of various other CAPEX worths whose costs might transform as an outcome of distinctions throughout 3 primary classifications– market, innovation, physical– can additionally be integrated.

Keller wrapped up: “As convincing, qualified evidence supporting the environmental, operational and commercial benefits of LNG continues to emerge, acceptance of its credibility is becoming increasingly widespread and concrete. LNG is the only safe, mature, commercially viable marine fuel that offers superior local emissions performance, significant greenhouse gas reduction benefits today, and a pragmatic pathway to a zero-emissions shipping industry.”

The complete financial investment research study can be accessed HERE

Source of This New.

Tags: IMO 2020LNG as a marine fuelSEA LNGsulfur cap
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