Oil majors need to provide more support to owners looking to order LNG-powered tonnage, or the projects will fail to get off the ground, a top broker has warned.
“All of Shell, Exxon and Total have theoretical newbuilding requirements for dual-fuel VLCCs but, getting them to commit at numbers and for durations that make sense for the owners in the time needed for a newbuilding project is proving difficult, or near impossible,” said Affinity (Shipping).
