Greater transparency in LNG bunker pricing is needed to encourage shipowners to make the switch to LNG as a fuel, according to Affinity (Shipping) managing partner Richard Fulford-Smith.
The shipbroking head, who is working on an LNG-fuelling project with several large liner companies, believes LNG should offer a pathway to decarbonisation for all large deepsea vessels.
But he is concerned about what he sees as “manipulation” of LNG fuelling pricing, in what is still a relatively illiquid market.
