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Germany's Federal Ministry of Transport and Digital Infrastructure (BMVI) has announced that it is now accepting online applications to fund the conversion of seagoing ships to run on LNG as a marine fuel.

The aim of BMVI's funding programme is to promote the use of LNG in German shipping. The funding is being financed by the Mobility and Fuel Strategy (FMD) project, which will provide around EUR 278 million for all means of transport by 2020.

"We want to be at the forefront of reducing shipping emissions, which is why we're promoting and accelerating the transition to alternative propulsion systems, and we look forward to many innovative project ideas," said Christian Schmidt, Executive Federal Minister for Transport and Digital Infrastructure.

Applications can be made by companies that either own or plan to construct a ship, as well as corporations and law firms.

Depending on the size of the company, projects will be eligible to receive funding for up to 60 percent of costs.

Applications should be submitted online before February 28, 2018.

For details on how to apply, please click here.