MARINE FUEL
Shipping sector looks to LNG to cut emissions
German ship owner says global efforts to cut carbon dioxide emissions will be crucial for the adoption of liquefied natural gas as a marine fuel
Singapore — Global efforts to cut carbon dioxide emissions would be crucial for the adoption of liquefied natural gas (LNG) as a marine fuel, German ship owner and ship-management firm Bernhard Schulte said. Shipping emits about 1-billion tonnes of carbon dioxide (CO²), accounting for about 2.5% of global greenhouse gas emissions, but this can be cut by about 75% if ships take measures such as switching to the cleaner burning fuel LNG, a study by the International Maritime Organisation shows. The sector was likely to be forced to make changes once the European Commission implemented a monitoring, reporting and verification (MRV) system for CO² emissions for ships from 2018, said Angus Campbell, Bernhard Schulte’s corporate director of energy projects. The MRV initiative was seen as a prelude to the introduction of a carbon tax for shipping, Campbell said on the sidelines of the Singapore International Energy Week. "If you are a ship owner and you are burning liquid hydrocarbon fuels...
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