BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Baltic bunker buyers hail LNG as a marine fuel

Arctia, ESL Shipping and Tallink speak in favour of LNG as a bunker fuel moving forwards.



Image credit: Fluxys


Updated on 25 Jul 2018 11:29 GMT

Senior management representatives of three bunker-buying organizations based in the neighbouring countries of Finland and Estonia have spoken in favour of LNG as a marine fuel in recent comments.

Tom Ekegren, Business Manager at Arctia Oy; Matti-Mikael Koskinen, Managing Director at ESL Shipping; and Tarvi-Carlos Tuulik, Director, Shipbuilding at Tallink Grupp have all explained why their firms will be supporting the use of LNG for their fleets moving forwards.

Ekegren, whose company operates the world's first LNG-powered icebreaker, Polaris, said he expects the role of LNG as a marine fuel to grow in the future - especially in the Baltic Sea.

"Thanks to LNG-based solutions, the construction of high-class ice vessels is possible so that they meet the new energy efficiency requirements," Ekegren remarked.

"By operating Polaris, we are supporting the development of the infrastructure needed to move to LNG and sharing the best practices of LNG within the industry," he added.

ESL Shipping's Matti-Mikael Koskinen posited that LNG will play "a big and prominent role" in the future, and that the use of carbon dioxide-free biogas will also increase.

"Environmental issues are at the heart of more and more businesses and guide decision-making alongside operational and economic factors," he noted.

Last year, ESL launched two LNG-fuelled dry cargo vessels: the Viikki and the Haaga, which are both due to start operating in the Baltic Sea this year.

"The introduction of new LNG-equipped vessels has been a major learning process for our staff. We have already gained a lot of know-how and its accumulation continues. We intend to keep the lead in maritime transport. When we buy new ships, their fuel will be LNG," Koskinen explained.

Meanwhile, according to Tallink Grupp's Tarvi-Carlos Tuulik, LNG is "the best marine fuel option in the Baltic Sea region".

"The good energy density and competitive price of LNG offer an excellent environmentally friendly option for maritime carriers. Low emissions of sulphur oxides and significantly reduced carbon dioxide emissions speak strongly for LNG," Tuulik observed.

"Thanks to sophisticated technology, LNG is now an always-to-take alternative to fuel for new ships. Future technical solutions will enable us to move to absolutely carbon neutral fuels at some point," he added.






Related Links:

Second large LNG-powered bulker launched for ESL Shipping
World's first LNG-fuelled icebreaker bunkered in Pori
Tallink posts 2017 profit despite higher bunker costs
LNG bunkering safety manual developed for Helsinki
Tallink achieves Q3 growth despite rise in bunker costs
Estonia
Finland

Latest News:

Concept ship shows IMO CO2 reduction targets can be met: Project Forward
Oil and fuel oil hedging market update
Tallink signs LOI to build second LNG-fuelled ferry
Will Saudi Arabia be able to replace Iranian oil?
North Sea Port sees biggest LNG bunker delivery to date
Gaseous fuels 'the only way forward': MAN CSO
Fluxys and Novatek sign Rostock lease for LNG terminal, bunkering
ExxonMobil launches new Mobilgard lube for high-speed diesel engines
Oil market closed higher following API draw
Oil and fuel oil hedging market update
GTT and Dongsung Finetec sign MoU to market LNG Brick bunker tank
IMO 2020: Ship managers 'concerned' about impact on crew safety




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events