Leading Global Resource Company To Award LNG Shipping Tender in Q1

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Global miner BHP will decide early next year on a tender, to build liquified natural gas-fuelled ships to transport its cargo, according to an article published in Ship&Bunker.

Sustainable transportation strategy

27 million metric tonnes have been earmarked for LNG-fuelled sea transport, a figure which makes up about 10% of its iron ore movements.

The company issued the tender in July in a bid to develop a more sustainable transportation strategy.

Tender in Q1

  • According to the report, 17 detailed submissions from established companies to start ups are under consideration. 
  • The tender is expected to be awarded in the first quarter of next year.

LNG as marine fuel

  • LNG as marine fuel is seen as a viable alternative to oil-derived marine fuel. 
  • It delivers strongly on shipping emissions.

Although some commentators argue that the alternative fuel is an overall carbon contributor.

Rashpal Bhatti, vice president for maritime and supply chain excellence, said:

  • LNG shapes up well on the cost front and
  • is realistic for cutting shipping emissions in the short term.

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Source: Ship&Bunker