Poten & Partners' Gary Smith says the LNG steam turbine fleet is facing ‘technical obsolescence’ although there may still be new lives ahead for some of these ships.
Newbuildings are leaving tri-fuel and dual-fuel diesel-electric market workhorses in their wake as industry sheds its conservatism on a ship’s economic life.
Brokers and owners are tangling with the minefield that is valuations for LNG carriers in what has until recently at least proved a very illiquid market.
Cheap LNG prices and floating regasification are proving natural project partners boosting activity but even though the market is currently long on FSRUs not all the units available are fitting the development brief.
Trying to break into floating regasification can be a rough and, often perplexing, ride for shipowners. Read about some of the hurdles being encountered along the way.
We need solutions that will work now and they should not be costing more than $20m
He Yi Yong
He Yi Yong from LNG Easy wants to take an Elon Musk-style approach to cutting the cost of delivering LNG to the smallest customers and told TradeWinds just how it can be done.
Others have tried, but newly created Stena Power & LNG Solutions believes it has come up with a winning suite of new units to deliver LNG more cheaply to new markets.
Downstream LNG head Tahir Faruqui says retrofitting existing vessels will improve a vessel’s emissions and extend its life while allowing owners and operators to cash in competitive LNG pricing over conventional fuels.
Affinity (Shipping)’s team believe the market will be short on small-scale LNG ships. Speculative order anyone?
Fearnley LNG Advisors says infrastructure funds are beginning to take an interest in LNG bunkering which suggest that project prospects in the sector are looking up.