Study finds LNG-fuelled VLCCs can save $8,000 per day

VLCC owners that use LNG to power their vessels can save nearly $8,000 per day in fuel costs, according to a joint study by Channoil Consulting and Gibson Shipbrokers.

With regulators setting long-term targets to cut greenhouse gas emissions from maritime transport, a growing number of shipping firms have opted for vessels fuelled by both LNG and oil-based fuels this year.