Japan's Mitsui OSK Says Old LNG Carriers Have Big Methane Issue [Financial Post (Toronto, Ontario, Canada)]
MITSUI O.S.K. LINES U/ADR (MSLOY)
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Source: Financial Post
President Takeshi Hashimoto said in an interview in India on Tuesday. Author of the article: (Bloomberg) — Methane leaks from an older generation of ships powered by liquefied natural gas are limiting the climate benefit of the fuel, Mitsui OSK Lines Ltd. President Takeshi Hashimoto said in an interview in India on Tuesday. Although ships using LNG result in about 25% less carbon dioxide emissions than traditional marine fuels, older vessels often fail to burn all the methane. That means some of it leaks directly into the atmosphere where it can have a devastating climate impact. Article content Article content The comments — a rare public acknowledgment of the leakage issue from a major shipper — are all the more telling because of Mitsui OSK's size. The firm marshals a fleet of more than 800 ships transporting everything from oil to gas to commodities to goods in containers. The remarks highlight how the industry is becoming increasingly concerned that releases of the po
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