MSC charters 11 container ships fueled with LNG from EPS
While some shipping companies, including Maersk, have rejected LNG as a fuel to reduce the shipping industry‘s carbon footprint, the second-largest ocean carrier MSC is betting on natural gas.
MSC is set to charter 11 LNG-fueled container ships from Singapore-based Eastern Pacific Shipping (EPS), sources from both companies confirming the news.
Becoming the last company to support LNG despite being a fossil fuel, Geneva-based MSC has joined CMA CGM, which has been a strong supporter of LNG for ship propulsion. SÃ¸ren Toft, CEO of MSC, previously said that âMSC continues to envision a range of fuel solutions on the path to a carbon-free futureâ.
As the gap in the shipping industry widens between supporters of LNG and those against it, MSC appears to have taken a gamble on the former. Hapag Lloyd and CMA CGM – as well as tonnage suppliers like Seaspan and EPS – have strongly supported LNG.
In a statement to ShippingWatch, MSC said that âwhile the path to decarbonizing transportation is still not clear, without new fuels available globally to deploy to our fleet of 570 vessels, this charter should help us to improve performance in terms of CO2 emissions. â
LNG is an increasingly popular alternative to bunker fuel, but the World Bank recently suggested that investing in LNG is bound to be a âdead endâ and would only slow the industry’s transition to diesel fuels. low carbon emission. Maersk has also decided to withdraw and approve other modes of propulsion.