Dorian LPG Ltd., a Stamford-based liquefied petroleum gas shipping company and the owner-operator of very large gas carriers, has asked the American Bureau of Shipping to evaluate the use of liquefied petroleum gas as a marine fuel.
The study is being conducted ahead of the International Maritime Organization’s mandate to reduce sulfur emissions by approximately 85 percent.
As part of the study, the American Bureau of Shipping will provide engineering and economic analysis to assess the costs and benefits for Dorian LPG’s fleet of very large gas carriers of using liquefied petroleum gas to meet the new global emissions standards. Dorian LPG’s new building program includes enhancements to its ships’ design that enables the option to use liquefied gas as a marine fuel in the future.
“We believe that the relevant technologies are sufficiently advanced to allow a meaningful analysis of this environmentally friendly and cost-effective fuel,” said John Hadjipateras, Dorian LPG’s chairman and CEO. “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.”