New York-listed gas carrier operator Dorian LPG is planing to retrofit up to ten VLGCs to utilise LPG as a fuel.
The company has signed an MOU with Hyundai Global Service to undertake research and preliminary engineering studies on a dual fuel technology solution in advance of upcoming environmental regulations which require reduced sulphur emissions.
John Hadjipateras, chairman and CEO of Dorian LPG, commented: “The cargo transported by our vessels is an energy source with well-documented environmental benefits relative to other fuels. We are undertaking this initiative with the dual goals of acting as a responsible corporate citizen and potentially achieving a significant competitive advantage that will benefit both our customers and shareholders.”
The company had already allowed for the upgrades as part of its latest newbuild program, and believes that LPG as a fuel source is a better alternative than LNG, methanol and marine gas oil.