The shipping industry is showing an increasing interest in reducing its global carbon footprint.
According to high-tech cryogenic equipment supplier Cryostar, there are at least two drivers to this trend: firstly, legislation is calling for more stringent emission control regulations. MARPOL TIER III (for NOx reduction) has been in force since January 2016 in coastal areas and further SOx reduction will become mandatory on all seas in the imminent future.
Secondly, with the perspective of the recovery of the heavy fuel oil price from historically low values, opportunities may be unleashed with cleaner fuels being less expensive in comparison. Combine this with the new ethane export market that has developed in the context of the shale gas discovery in the US, and there is tremendous potential for innovative fuel supply systems, Cryostar says.
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