A pioneering LNG-powered containership project is netting massive savings on fuel costs, according to Hamburg-based broker Arkon Allied Container (AAC).

The conversion of the 1,036-teu Wes Amelie (built 2011) to LNG propulsion is saving between €3,500 ($3,900) and €3,800 per day, or about half the current charter rate for the vessel, managing director Ole Gabs said.

But, Gabs said, extending the conversion project to other vessels in the series is contingent upon the availability of subsidies from the German government.