A cost-benefit analysis of LNG in maritime shipping
in Decarbonization, Trends by Raghib Raza
Paving the way for a greener future
To date, IMO is the only organization worldwide that has adopted energy efficiency measures that are legally binding across the world. IMO also regulates the emission standards for ships, which are more strict in areas designated as Emission Control Areas (ECAS). As the MARPOL Annex 6 regulations restricting air pollution, another of IMO’s measures, is progressively setting more exacting standards, the shipping industry is looking for alternatives; such as ships powered by distillate fuels, using scrubbers, alternate fuels such as LNG, Hydrogen, or ammonia, even nuclear powered or completely battery-powered ships are a possibility. However one of the most feasible possibilities in the short to mid future is LNG.
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