SEA\LNG grows as 2020 global sulphur cap approved

1 November, 2016, London – SEA/LNG applauds the action taken by the International Maritime Organization at the 70th meeting of its Marine Environment Protection Committee, confirming that the global 0.5% cap on the sulphur content of marine fuel will come into force in 2020. Certainty of the regulatory regime going forward is important for the maritime industry.

Peter Keller, Chairman of SEA/LNG, speaking for the organisation said: “In light of MEPC 70’s approval of the global sulphur cap in 2020, there is now new impetus to resolve the structural and commercial obstacles hindering the widespread adoption of LNG as marine fuel. “

He added that: “We anticipate increased and significant investments across the shipping value chain as a result of this decision and the certainty it provides. LNG is an economic, clean and safe marine fuel with increasing global availability, offering ship owners a real opportunity to improve the environmental performance of the industry.”

The decision taken at MEPC 70 will now have to be implemented by the member states. For those with concerns about the availability of low sulphur fuel, the SEA\LNG coalition has already stated that the LNG sector is well prepared and able to meet the future emissions requirements of the global shipping industry.

The SEA\LNG founding partners were: Carnival Corporation & plc, DNV GL, ENGIE, GE, GTT, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc. and Wärtsilä. Since then, Eagle LNG Partners, Keppel Gas Technology and ABS have joined the growing body of industry leaders keen to address and overcome the challenges of widespread LNG adoption.

ENDS

About SEA\LNG

SEA\LNG brings together key players from across the supply chain, including shipping companies, classification societies, ports, major LNG suppliers, downstream companies, infrastructure providers and OEMs (original equipment manufacturers) to address market barriers and transform the use of LNG as a marine fuel.

SEA\LNG is a not for profit collaborative industry foundation serving the needs of its member organisations. SEA\LNG’s members include: ABS, Carnival Corporation & plc, DNV GL, Eagle LNG Partners, ENGIE, GE, GTT, Keppel Gas Technology, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of Rotterdam, Qatargas, Shell, TOTE Inc., and Wärtsilä.

SEA\LNG is guided by a board, which is led by Chairman Peter Keller. Each member organisation commits mutually agreed human resources, data analysis and knowledge sharing in support of SEA\LNG initiatives and activities and financially contributes via a membership fee.

The SEA\LNG coalition was established by Xyntéo, an advisory body which works with global companies to identify and implement collaborative initiatives that enable businesses to grow in a new way, fit for the resource, climate and demographic realities of the 21st century.

www.xynteo.com

For further information, please contact:

Elyse Myrans

Communications Lead

SEA\LNG

32 Wigmore Street, London W1U 2RP, United Kingdom

M: +44 7576 040084

E: elyse.myrans@sea-lng.org