Feasibility and commercial considerations of LNG-fueled ships

This article proposes a methodology to evaluate the commercial incentives that are required to promote LNG as a marine fuel, which can be used to assess policy initiatives that encourage the use of alternative technologies and estimate their market impact. To develop the context and support this methodology, the following areas are discussed: (1) international regulatory frameworks and regional initiatives supporting the use of LNG as a marine fuel; (2) commercial and operational attributes that determine the competitiveness of LNG-fueled ships; and (3) challenges preventing the adoption of LNG as a marine fuel, including the uncertainties and less-quantifiable concerns expressed by the maritime operators.