More than 5% of the world shipping fleet could adopt LNG propulsion by 2020, according to a new report by MEC Intelligence.
The research finds that nearly 10,000 vessels could run on LNG by that date, up from the current level of under 100 ships in operation.
Environmental regulations surrounding emissions reduction are thought to be the main driver for the shift to LNG in the shipping sector, due to the fuel’s lower emissions and cost.
“Strict
