A few facts, and points of view from an old timing mariner:
1) LLOYDS OF LONDON have stated their forecasts are that LNG could possibly have 11% of the market share by 2030
2) Conversion to LNG onboard a standard merchant vessel or container ship or tanker (of which is the market place for Shell "marine") is virtually economically and structurally impossible, therefore as such we would be looking at new build vessels.
3) Reverting to (1) that means that in 2030 there is still 89% of the market share up for grabs "fuel wise"
4) 2030 is still some 16 years away.......... So the Lions share of the marine market for the foreseeable future will be in HFO and middle distillates for marine merchant vessels, that is what the majority of vessels by far are able to burn in their engines.
5) LNG bunker infrastructure cannot and will not expand to commercial volumes, without an assured share of the market, and presently that is remotely not there. ( and there is still the "Not in my Backyard" fear regarding LNG bunker terminals)
6) The standard marine slow speed engine will not burn LNG, these engines whilst they are available and are manufactured by Wartsila and MAN are generally classified as Dual Fuel engines and are more specialised for obvious reasons, and as such to my knowledge are not available as retrofit, and remember the bunker facility and storage onboard probably could not commercially be retrofit.
So all in all in the real world of Marine fuels , merchant companies will chose the " cheapest" fuel available , now the emphasis is moving towards the cheapest and cleanest choice within economical available parameters.
Alex why do you continue to post negative crap after you sold out too low and have said you're waiting to buy back in?..obviously you're trying to get a lower entry because if you really believed what you post then why would you want to buy back in..
I was in from the 2006 RTO and accumulated a lot more from 2010 onwards . Alot of water under the bridge since then, but suffice to say that especially the Maersk MOU was the jewel in the crown for QFI as far as credibility and potential income from MSAR . Unfortunately, after a wonderful sp performance peaking at an intraday 53pish in December 2013, the lack of substantive progress and misleading hype from the company has caused the sp collapse back to current levels . The last of my shares were a sold @ 22p in Dec 2014 as I was very uncomfortable with the IEG share dispersals and disposals. Good luck to holders. There may be a period where the sp sinks back into mid range single figures, where it may well be worth buying a few.
Regarding LNG, QFI zealots have been denying this for some time but worrying themselves behind closed doors about it. LNG supply infrastructure worldwide is at a quite highly advanced stage and continues to expand
And to add insult to injury an allocation of 1 for 80, What a rum & coke that is, An investor would have to hold millions to make it worthwhile @ todays price never mind unlucky holders who bought in @ the 20,s & 30,s, A minimum hoding of £160,000 just to be allocated 10,000 a mere £1000 worth But we the BOD have decided to make it look like we have been fair & decent chums to the great unwashed What a Sh---er that Kirki is turning out to be
Shell: IMO regulations could launch serious takeoff for LNG Carriers: When the IMO presents its time frame for the sulfur emission requirements for marine fuel, it could give rise to LNG as a natural choice of fuel for the shipping industry. The potential is huge, Shell and Rolls-Royce tell ShippingWatch.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.