India’s Adani Group is offering 50% discount on the charges levied on ships fuelled with liquefied natural gas (LNG) at the country’s largest commercial port, Mundra, as India seeks to cut down emissions per its green port’s plan.
Making use of LNG to fuel vessels is expected to result in a significant reduction in CO2 and other forms of pollution compared to traditional shipping fuel.
The company, controlled by Gautam Adani, a well-known billionaire, has said that the lucrative waiver scheme will only apply to vessels that have dual-fuel engines that deploy LNG as their primary fuel. This scheme will remain valid for six months starting from 1 August 2021.
However, it also said that the waiver on port charges will not be applicable for vessels carrying LNG cargo and operating on LNG fuel. SEZ Ltd and Adani Ports were not available for their comments immediately.