The question of bunkering availability is still a major stumbling block for shipowners looking to make their first moves in LNG as a marine fuel. Information can be hard to find, and it remains challenging to keep track of new developments. Meanwhile, many LNG suppliers find it difficult to aggregate sufficient demand to justify investment decisions. “The LNG Fuel Finder helps these two parties come together, by providing shipowners with the opportunity to show the supply industry their interest in LNG bunkering. It also helps to overcome the high entry barrier for new suppliers to the market,” says Martin Wold, Senior Consultant Environmental Advisory at DNV GL – Maritime.
With the new tool, shipowners can quickly and easily inform LNG suppliers about their potential interest in bunkering LNG in specific locations. Shipowners and charterers will be able to login and submit a request for LNG bunkering for free, specifying location, volume and from which date they would like to bunker LNG – then, this information will be made available to LNG suppliers. The tool should prove especially useful for shipowners evaluating their fuel decision for newbuilds, who would like to efficiently confirm or dismiss the feasibility of the LNG option, and connect with all potential suppliers.
“In the future, we plan to incorporate additional market intelligence features in the tool,” adds Martin Wold. Alongside the launch of the LNG Fuel Finder there are also further optimizations to LNGi. Other new features include AIS tracking of LNG bunker vessels, additional data on LNG-fuelled ships, insights on the most frequently visited ports as well as the new lean version of LNGi, which is free of charge. The complete and comprehensive insights to LNG fuel developments remains available only to paying members of LNGi.
DNV GL’s LNGi portal was launched in March 2016 to help the maritime industry keep track of all the latest developments in the LNG sector. Leading LNG suppliers and engine manufacturers, including Shell, the Marine division of Rolls-Royce and MAN, were some of the first companies to subscribe. Today, the portal has 20 members including SEA/LNG, the industry coalition focused on accelerating the widespread adoption of LNG as a marine fuel. LNGi allows subscribers to assess the availability of LNG fuel for specific trade routes and newbuild projects. It also provides information about current market developments, as well as status updates of other alternative fuels and emissions reduction technologies across every vessel segment.