MAN pledges incentives for LNG propulsion

MAN pledges incentives for LNG propulsion

MAN Energy Solutions has pledged to stimulate decarbonisation of the shipping industry by subsidising shipowners that convert their engines to gas derived fuel up to EUR 2 million.

Wayne Jones OBE, chief sales officer and representative for MAN Energy Solutions at a conference held in Greece confirmed: “MAN Energy Solutions believes fully in its technology, to the extent that we pledge to subsidise the first 10 shipowners that convert their engines to liquefied natural gas (LNG) or a gas-derived fuel – up to a cumulative total of 2 million Euros – because I think someone has to stimulate the industry to think more holistically and long-term.”

He continued: “From the engine-maker’s point of view, one of the biggest challenges is to reach agreement on which fuel to use, one that will meet not only the regulations of today, but those of tomorrow. What will everyone use in the future or will there be a myriad of fuels? For me, the only way forward is to go with gaseous fuels – and the infrastructure will follow in due course.”

MAN Energy Solutions has previously voiced its belief for a Maritime Energy Transition to find clean, decarbonised solutions for seaborne trade and transportation. MAN is confident that LNG for ship propulsion is an important strategy to reduce international shipping’s emissions and has called for the industry and politics to invest in infrastructure development and retrofits.