Dorian assesses LPG as low emission fuel

Dorian LPG has engaged American Bureau of Shipping to evaluate the use of LPG as a marine fuel, among other options, in advance of the International Maritime Organization’s mandate to reduce sulfur emissions by approximately 85%.

ABS will provide an in-depth engineering and economic analysis to assess the costs and benefits for Dorian LPG’s fleet of very large gas carriers of using LPG to meet the new global emissions standards.  If the economic viability of LPG as a bunker fuel is established, the company believes that it could represent a significantly more attractive and cost effective alternative to the current methods available to comply with the coming emissions regime for environmental control areas.

As part of its newbuilding programme, Dorian LPG proactively made certain enhancements to its VLGC design to allow it to have the option to use LPG as a marine fuel in the future. LPG as a fuel source has a significant advantage over other potential sources given the over 1,000 ports around the world that already have LPG storage facilities.

Chairman and Chief Executive Officer, John Hadjipateras said: “We believe that the relevant technologies are sufficiently advanced to allow a meaningful analysis of this environmentally friendly and cost effective fuel. If the study proves the commercial viability of LPG for marine fuel use, the company will be at the forefront of this innovation.  Our customers and shareholders will be well positioned to reap the long-term benefits.”

Dorian LPG currently owns and operates 22 modern VLGCs.

For more information visit www.dorianlpg.com

16th Oct 2017