BY CHRISTIAN BARTELS Published 28.08.15 at 14:44 Germany's shipowners' association VDR, Verband Deutscher Reeder, and numerous industry organizations are now calling for the German federal government to introduce state aid for newbuildings that run on LNG fuel, according to a statement from VDR. The association stresses that Germany occupies a strong position in LNG technology which could be further boosted by introducing an incentive scheme for newbuildings built to either exclusively or partially sail on LNG fuel. This would also help carriers reduce sulfur and particle emissions, add the organizations in the statement. Tanker giant Gener8's IPO looks like a disappointment But it will take an incentive scheme to open the market for LNG-driven vessels, says VDR CEO Ralf Nagel. "Without a comprehensive incentive scheme from the federal government for the construction and retrofitting of LNG-powered ships, it will not be possible to dismantle the barriers to market entry. Not a single LNG-powered ship has been commissioned without government subsidies throughout Europe to date. As a leading maritime nation, Germany ought to be taking on a pioneering role," he says. Furthermore, the organizations also call for the government to review the rules relating to operations and safety on LNG vessels - for instance to allow vessels to tank LNG fuel while loading and unloading cargo. The organizations also note that LNG vessels, due to comprehensive safety measures, hold the lowest number of reported operating accidents. The newbuilding price for ships that can sail on both regular bunker oil as well as LNG, duel-fuel drive, is often 25 percent higher than regular ships, due to factors including extra pipes and tanks - and it is this aspect that German carriers want help with to spur them to order new vessels. An incentive scheme would also create new highly paid jobs in sectors working with LNG technology, both at the coasts but also in the country, when LNG as ship fuel takes off, argue the industry associations. Analysts: Weak LNG market ahead DNV GL: Shipping slow to embrace LNG Lloyd's Register believes in LNG LNG Ralf Nagel Verband Deutscher Reeder VDR Sign up for ShippingWatch
RE: Botak Are: Doubts
"What is of concern is that a company that is clearly as cost conscious as Maersk doesn't seem (from my position as an outside observer) to be pushing this forward with any urgency. I hope I am wrong and that we will have an announcement soon." ramblingsid, 64000 dollar question mate, with their resources, infrastructure/networking/business acumen/worldwide reputation ? a very big WHY ? If MSAR is the Holy Grail ? If it can give them the edge, If it will make them billions in savings, WHY ? You sre not wrong! They are not pushing forward with urgency or it would have been a done deal, we are behind in timescales. What happened to QFI contracts being signed H2 2015, that was the latest update. Yes they could catch us on the back foot, but they have got to move, PDQ
RE: Botak Are:Doubts
Wouldn't it be ironic if msar did a full circle and ended up back with BP? Stranger things have happened. I see A55 is still projecting HIS feelings onto others. I think I may have got a previous post wrong. I thought A55 ran a nursing home, but it sounds as though he is actually a resident in one. Nurse, please increase his medication.
Botak Are: Doubts
Botak I saw your comments this morning and have noticed others expressing concern about the price of oil, particularly in the context of marine use. The concern seems to be, if oil is cheap why would Maersk, or any other carrier, bother with MSAR2? Surely the answer for any major carrier is that they will whilst ever it gives them a competitive advantage over other container fleets, they will want to use it. That market is highly competitive with Maersk seemingly one of the most profitable companies. I recall a year or two ago they were prepared to spend a few $million per ship adapting the bow, as it produced a marginal efficiency, that paid back the cost of the conversion well within the ship's lifespan. What is of concern is that a company that is clearly as cost conscious as Maersk doesn't seem (from my position as an outside observer) to be pushing this forward with any urgency. I hope I am wrong and that we will have an announcement soon. To repeat the point, I don't think the price of oil is that important to the the QFI concept, it is the competitive advantage it will give Maersk, or a Refiner or a power station viz a viz its competitors in that sector.
RE: Botak Are:Doubts
DPE, morning, agree with comment, but Longhead is an irrelevancy, he doesn't answer challenging questions-that is, if he has the ability- so he is just a legend in his own mind, like a couple of others on here. Morning Sam/JPM/DDL/BP/BertyW, get the prayer mat out this weekend .....please.......
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