The UK-based classification society said its Lloyd’s Register North America division will work with Penn Oak to help companies secure “private equity” to pay for costly systems, now that LNG fueling infrastructure is becoming more widely available.

They will also help shipbuilders in the United States to meet the demand for the alternative fuel systems.

“LNG as a fuel has emerged as one of the most considered choices for a new generation of vessels,” said Rafa Riva, marine business development manager at LR.

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