US $1 billion LNG Supply Agreement Signed by Star

09月02日 10:50:33

Shipping network news, to star (ZIM) August 31 announced with the Shell North American LNG Company signed a ten-year liquefied natural gas (LNG) supply agreement, worth more than 1 billion U.S. dollars, for its deployment in the trans-Pacific route of 10 ships 15000TEULNG dual-fuel power container ship supply fuel.

It is reported that the 10 LNG dual-fuel power container ships are leased from Sespan (SEASPAN) and are currently being built by Samsung Heavy Industries. They are expected to be delivered in 2023 to 2024 and put into operation on the Asian to American East Coast routes.


with the increase in global trade in goods, the carbon emissions of the shipping industry are also becoming larger and larger. Carbon emissions from container shipping account for about 23% of global shipping emissions. The shipping industry needs to act quickly to reduce emissions. At present, the only fuel that can be used on a large scale and has the lowest carbon content is liquefied natural gas. Compared with traditional fuel oil, its greenhouse gas emissions are reduced by about 20%. In addition, liquefied natural gas emits almost no sulfur oxides (SOx) and particulate matter (PM), while significantly reducing nitrogen oxide (NOx) emissions.

said with stars that compared with the use of traditional fuel oil, the greenhouse gas emissions of LNG are reduced by about 20%. Choosing to use LNG on these ten ships is equivalent to achieving zero emissions in two out of 10 ships in the fleet. In addition, the agreement with Shell may also cover the supply of fuel to LNG dual-fuel vessels deployed on other routes.

Eli Glickman, President and CEO of Estar, said that from 2023, with LNG dual-fuel container ships joining the fleet, Estar is positioned as a leader in decarbonization among global liner companies. We are very pleased to sign a long-term supply agreement with Shell and look forward to working with global industry leaders such as Shell to ensure well-planned and high-quality fuel procurement. The growing fleet of LNG dual-fuel power vehicles will make Eaststar more carbon-efficient and cost-effective, and increase its competitiveness on the strategically important route from Asia to the East.


Source: Shipping

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