Stakeholder involvement in developing LNG as a ship fuel in the Baltic Sea region

New environmental regulations require the shipping industry to reduce its sulphur emissions. The currently most environmentally friendly alternative for ship owners to comply with the regulations is the switch to LNG fuelled vessels which however also requires port developers to invest in the sup...

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Main Author: Albrecht, Jörg
Other Authors: Kauppakorkeakoulu, School of Business and Economics, Taloustieteet, Business and Economics, University of Jyväskylä, Jyväskylän yliopisto
Format: Master's thesis
Language:eng
Published: 2015
Subjects:
Online Access: https://jyx.jyu.fi/handle/123456789/46133
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author Albrecht, Jörg
author2 Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto
author_facet Albrecht, Jörg Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto Albrecht, Jörg Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto
author_sort Albrecht, Jörg
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description New environmental regulations require the shipping industry to reduce its sulphur emissions. The currently most environmentally friendly alternative for ship owners to comply with the regulations is the switch to LNG fuelled vessels which however also requires port developers to invest in the supply of LNG. In order to successfully implement the creation of an LNG infrastructure, various challenges have to be overcome. This study looks at the challenges of LNG as a ship fuel from a stakeholder perspective by conducting a port screening with the aim to assess the current development status of LNG projects and the drivers and impediments behind it. Furthermore, a qualitative research with expert interviews of the most important stakeholder groups gives insight on how stakeholders are involved in the various aspects of LNG development. While several challenges have impeded the introduction of LNG as ship fuel in the past years, by far the biggest issue in the soon future is the development of the oil price that lowers the feasibility of LNG ship fuel compared to oil-depending alternatives. The study also revealed that the potential of local industries and cargo owners to influence the implementation of LNG as ship fuel has been neglected so far. The successful creation of an LNG infrastructure relies on public funding programs. Therefore, policy makers need to have well-elaborated strategies and increase the general perception of LNG among local industries and legal authorities by pointing out the potential of LNG for the whole economy. The results can support policy makers on EU level in their decision of composing an LNG strategy and give interesting insight to involved actors about the stakeholder network. The study was limited to the Baltic Sea region, specifically Finnish and Swedish stakeholders. These might vary from other geographical contexts.
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The currently most environmentally friendly alternative for\r\nship owners to comply with the regulations is the switch to LNG fuelled vessels\r\nwhich however also requires port developers to invest in the supply of LNG. In\r\norder to successfully implement the creation of an LNG infrastructure, various\r\nchallenges have to be overcome.\r\nThis study looks at the challenges of LNG as a ship fuel from a\r\nstakeholder perspective by conducting a port screening with the aim to assess\r\nthe current development status of LNG projects and the drivers and\r\nimpediments behind it. 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spellingShingle Albrecht, Jörg Stakeholder involvement in developing LNG as a ship fuel in the Baltic Sea region LNG emission regulations shipping industry port projects stakeholder theory Yritysten ympäristöjohtaminen Corporate Environmental Management 20425 päästöt maakaasu merenkulku Itämeri
title Stakeholder involvement in developing LNG as a ship fuel in the Baltic Sea region
title_full Stakeholder involvement in developing LNG as a ship fuel in the Baltic Sea region
title_fullStr Stakeholder involvement in developing LNG as a ship fuel in the Baltic Sea region Stakeholder involvement in developing LNG as a ship fuel in the Baltic Sea region
title_full_unstemmed Stakeholder involvement in developing LNG as a ship fuel in the Baltic Sea region Stakeholder involvement in developing LNG as a ship fuel in the Baltic Sea region
title_short Stakeholder involvement in developing LNG as a ship fuel in the Baltic Sea region
title_sort stakeholder involvement in developing lng as a ship fuel in the baltic sea region
title_txtP Stakeholder involvement in developing LNG as a ship fuel in the Baltic Sea region
topic LNG emission regulations shipping industry port projects stakeholder theory Yritysten ympäristöjohtaminen Corporate Environmental Management 20425 päästöt maakaasu merenkulku Itämeri
topic_facet 20425 Corporate Environmental Management Itämeri LNG Yritysten ympäristöjohtaminen emission regulations maakaasu merenkulku port projects päästöt shipping industry stakeholder theory
url https://jyx.jyu.fi/handle/123456789/46133 http://www.urn.fi/URN:NBN:fi:jyu-201506012116
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