Fears of an LNG bunkering demand spike pre-2020 could be misplaced
A recent study by Oxford Institute for Energy Studies shows that the rise in demand for liquefied natural gas as a marine fuel will be slow but steady. LNG propulsion systems seem more likely to be installed on newbuildings rather than retrofitted on existing vessels
Installing LNG propulsion during the construction of a new vessel is far cheaper than retrofitting an existing vessel, the study finds
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