On behalf of the American Clean Skies Foundation, MJB&A prepared a comprehensive assessment of the opportunities for natural gas to power U.S. marine vessels, including tugs, barges, ferries, and Great Lakes bulk carriers. It shows that the Great Lakes and the Gulf of Mexico, in particular, offer excellent opportunities for the deployment of natural gas powered vessels. Natural gas offers the potential for significant fuel cost savings; however, the economics of a marine vessel conversion hinge on three key factors: vessel fuel use, delivered LNG prices, and vessel conversion costs. Our analysis examines the economics of converting to natural gas under a range of scenarios.
The report is available here.