LNG Dominates as Alternative Marine Fuel, LR’s Latest Report
Lloyd’s Register’s latest Fuel for Thought report highlights LNG’s dominance as the primary alternative marine fuel, citing its cost-effectiveness, emissions compliance, and growth in orders for LNG-capable vessels. The report emphasizes the importance of addressing methane slip and advancing cleaner LNG production methods for long-term sustainability. Industry leaders are embracing LNG for decarbonization strategies.