Lloyd's Register Advocates LNG for Cruise Industry Transition
Lloyd's Register's report emphasizes LNG as a viable alternative fuel for the cruise industry, with 30 vessels currently operational. The analysis highlights methane slip as a significant concern, although advancements in engine technology and carbon capture could mitigate this issue.
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Lloyd's Register's recent report underscores LNG as the most developed and readily available alternative fuel for the cruise sector, noting 30 operational LNG-capable cruise ships and an additional 29 on order. Key concerns include methane slip, which poses a global warming threat 28 times greater than CO2; however, engine manufacturers have achieved a 75% reduction in methane slip over the past 25 years.
The report also explores bio-LNG and e-LNG as potential alternatives, projecting cost-competitiveness with methanol and ammonia by 2050. Additionally, onboard carbon capture technologies could reduce costs by 30% when utilized with LNG compared to traditional fuels, providing significant long-term benefits.
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