Bunkering in Singapore : challenges and ideas to maintain Singapore as the world's top bunkering port
Ever since the last switch from coal, there has not been another fuel quite able to topple oil for powering marine engines. However, as increasingly environmental regulations get more stringent and oil-based fuels get more expensive, another evolution from oil to gas seems to be on the horizon. H...
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| Format: | Final Year Project |
| Language: | English |
| Published: |
2013
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| Online Access: | http://hdl.handle.net/10356/52720 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | Ever since the last switch from coal, there has not been another fuel quite able to topple oil for powering marine engines. However, as increasingly environmental regulations get more stringent and oil-based fuels get more expensive, another evolution from oil to gas seems to be on the horizon.
However, as with any evolution, it is not without its difficulties and while small steps have been taken, even larger ones need to happen. In particular, the economic feasibility of LNG in a largely divided market for LNG globally, high cost of infrastructure required and the gaps in regulatory aspects are some of the big issues. It is with hope that this report will be able to provide the Singapore bunkering industry with more clarity to these issues on what some have described to be the inevitable next phase for shipping. |
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