LNG-powered vessels are cheaper to run than diesel by as much as US$10 per TEU and produce less emissions, according to senior consultant of Ocean Shipping Consultants David Bull.
The price point of liquified natural gas, based on prices in South Korea, can save containerships of average capacity as much as $9 to $12 per container on a route such as South Korea to Rotterdam, he said, at the eight annual international congress Oil Terminal held in St Petersburg.
A feeder service carrier can save about $5 per box. The calculation takes into account that the LNG fuel system is housed in two to five per cent more space than a conventional fuel system, reported St Petersburg's PortNews.
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