SEA-LNG Chairman Peter Keller sets out the organisation's view on the growth of the LNG bunker market as the gas-powered fleet jumps to 10% of shipping by deadweight.
Weak margins, rising GHG compliance costs, limited growth in alternative fuel markets, geopolitical risk and sanctions issues are coming together to paint a picture of a highly uncertain start to the year.
The firm - at present a supplier of 10 PPM road diesel, exhaust fluid and additives - plans to expand into bunkering as well as setting up an oil brokerage platform.
The US authorisation does not extend to transactions involving entities linked to Russia, China, Iran, Cuba or North Korea, nor to any sanctioned vessels.