Dorian LPG, ABS to conduct economic feasibility study of LPG as marine fuel
STAMFORD, Conn. — Dorian LPG Ltd. announced it has engaged American Bureau of Shipping (ABS) to evaluate the use of liquefied petroleum gas (LPG) as a marine fuel, among other options, in advance of the International Maritime Organization's (IMO) mandate to reduce sulfur emissions by approximately 85%.
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| Photo courtesy of IMO. |
ABS will provide an in-depth engineering and economic analysis to assess the costs and benefits for Dorian LPG's fleet of very large gas carriers (VLGCs) of using LPG to meet the new global emissions standards. If the economic viability of LPG as a bunker fuel is established, the company believes that it could represent a significantly more attractive and cost effective alternative to the current methods available to comply with the coming emissions regime for environmental control areas. ABS' work will consider the environmental, operational and financial impact of LPG as a marine fuel and deliver its findings in the coming months.
As part of its newbuilding program, Dorian LPG proactively made certain enhancements to its VLGC design to allow it to have the option to use LPG as a marine fuel in the future. LPG as a fuel source has a significant advantage over other potential sources given the over 1,000 ports around the world that already have LPG storage facilities.
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