LPG to power Dorian’s delivery fleet
Dorian LPG has announced plans to evaluate the use of LPG as a marine fuel in order to reduce omissions.
It said it has engaged the American Bureau of Shipping (ABS) to investigate the fuel’s viability.
The International Maritime Organization’s (IMO) has issued amandate to reduce sulfur emissions by approximately 85%.
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.
Dorian said in a statement: “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. “
John Hadjipateras, Dorian’s chairman and chief executive, said: “We believe that the relevant technologies are sufficiently advanced to allow a meaningful analysis of this environmentally friendly and cost effective fuel. If the study proves the commercial viability of LPG for marine fuel use, the company will be at the forefront of this innovation. Our customers and shareholders will be well positioned to reap the long-term benefits.””
As part of its newbuilding program, Dorian LPG has 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.