Industry coalition SEA-LNG has unveiled its latest independent study that makes the commercial case for selecting LNG as a marine fuel for a newcastlemax bulker newbuilding trading between Australia and China.
The study, the fourth in a series of investment evaluations commissioned by the lobby group with simulation and analytics company Opsiana, looks at a 210,000-dwt ore carrier.
SEA-LNG, which has made a minor tweak to the way it writes its name, said: "LNG delivers a superior return on investment on a net present value basis of several million dollars in comparison...
