Owners ordering ships today need to be sure that they will be able to comply with current and pending IMO emissions regulations throughout a likely lifetime of around 20 years, and they also want to be able to build them on favorable green financing terms. For an ever-increasing percentage of owners, the only way to achieve that with currently available technology is by opting for liquefied natural gas (LNG) fueling. With all the press that LNG as a marine fuel has received, its useful to remind ourselves that the switch from conventional fuel to LNG is still in its infancy. In 2020, for example, LNG only accounted for 1.2% of fuel sales in Rotterdam, Europe's leading bunkering port, while Singapore, the world's leading bunkering hub, carried out its very first ship-to-ship LNG bunkering this May.
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