Prospects for the container shipping industry over the next 5 years

In light of the recent stricter Sulphur emission level, container shipping companies have been looking into using LNG as an alternative fuel. As such, studying the impacts of using LNG fuelled container vessels is essential in assessing the prospect of container shipping industry. Factors such as Re...

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Main Author: Soh, Jia Jie
Other Authors: Teh Kong Leong
Format: Final Year Project
Language:English
Published: 2016
Subjects:
Online Access:http://hdl.handle.net/10356/69242
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-692422023-03-03T16:56:39Z Prospects for the container shipping industry over the next 5 years Soh, Jia Jie Teh Kong Leong School of Civil and Environmental Engineering DRNTU::Engineering In light of the recent stricter Sulphur emission level, container shipping companies have been looking into using LNG as an alternative fuel. As such, studying the impacts of using LNG fuelled container vessels is essential in assessing the prospect of container shipping industry. Factors such as Retrofit, New built, Fleet age and Governmental support were discussed with respect to how LNG fuel engines will affect container carrying capacity. Information from research papers and insights from interviews were used for this study. Results revealed that due to a lack of governmental support, the introduction of LNG would not have any impacts on the container carrying capacity in the next 5 years. However given sufficient amount of time, there would be an increasing governmental support, and the lower cost of LNG fuel compared to bunker fuel oil, will eventually lead to an increase in LNG fuelled container vessels. This will hence increase container carrying capacity, resulting in reduced freight rates in the future. Bachelor of Science (Maritime Studies) 2016-12-07T08:18:21Z 2016-12-07T08:18:21Z 2016 Final Year Project (FYP) http://hdl.handle.net/10356/69242 en Nanyang Technological University 34 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Engineering
spellingShingle DRNTU::Engineering
Soh, Jia Jie
Prospects for the container shipping industry over the next 5 years
description In light of the recent stricter Sulphur emission level, container shipping companies have been looking into using LNG as an alternative fuel. As such, studying the impacts of using LNG fuelled container vessels is essential in assessing the prospect of container shipping industry. Factors such as Retrofit, New built, Fleet age and Governmental support were discussed with respect to how LNG fuel engines will affect container carrying capacity. Information from research papers and insights from interviews were used for this study. Results revealed that due to a lack of governmental support, the introduction of LNG would not have any impacts on the container carrying capacity in the next 5 years. However given sufficient amount of time, there would be an increasing governmental support, and the lower cost of LNG fuel compared to bunker fuel oil, will eventually lead to an increase in LNG fuelled container vessels. This will hence increase container carrying capacity, resulting in reduced freight rates in the future.
author2 Teh Kong Leong
author_facet Teh Kong Leong
Soh, Jia Jie
format Final Year Project
author Soh, Jia Jie
author_sort Soh, Jia Jie
title Prospects for the container shipping industry over the next 5 years
title_short Prospects for the container shipping industry over the next 5 years
title_full Prospects for the container shipping industry over the next 5 years
title_fullStr Prospects for the container shipping industry over the next 5 years
title_full_unstemmed Prospects for the container shipping industry over the next 5 years
title_sort prospects for the container shipping industry over the next 5 years
publishDate 2016
url http://hdl.handle.net/10356/69242
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