Marine Diesel Engines – Oil Fuel Tax Alarm May Hasten LNG Progress

By George Backwell at December 18, 2011 02:17
Filed Under: General
The international maritime sector is prime candidate to take the hit of a tax on shipping bunkers, analysts are convinced, after recent U.N. Climate Change talks in Durban agreed the design of a 'Global Climate Fund' to channel up to $100 billion a year to compensate poorer nations whilst leaving open the question of where the money would be coming from. Oxfam and green group WWF tabled a Durban motion calling for a carbon levy of  a massive $25 per tonne oil bunker tax but failed to obtain a consensus, nevertheless firing a warning shot across the industry’s bows. Latest news of advancements in the LNG fuel project for diesel engines, and a bullish forecast for future growth in LNG take-up follows below. LNG Supply Side DevelopmentsWorld-wide expansion plans for new LNG bunker station are reported by Zeus Intelligence listing in the past week supply proposals in such varied locations as on the Yangtze River; Port Fourcheon, Louisiana; Trinidad in the West Indies, and a... [More]

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