Capstone Green Energy Corp (fka CGRNQ)

[Seasound]

Yes, those boats do use Bunker C which is the residual fuel oil that remains after everything else has been cracked out. Bunker C has to be heated to flash point and centrifuged to make it a suitable fuel for a diesel engine (somewhat different than from a steam ship in which it is only heated to flash point.) Bunker C is used along with Marine Diesel Fuel (MDO,) and Heavy Fuel Oil (HFO) depending on supply and environmental issues, i,e, MARPOL Annex VI.

On the LNG ships now being built, diesel engines that will burn CNG are being installed which have a seamless switch over or fuel sharing mode, in which liquids and gas can be burned simultaneously depending on requirements. The Box boats Car Carriers, bulkers, and tankers utilizing slow and medium speed diesel propulsion (almost all of today's fleet) can be converted to utilize fuel sharing mode, but the cost is running about 1 million per vessel. Problems with bunkering facilities for LNG of course are problematic.

You are a brave soul to play the markets in shipping which is notorious for its boom and bust cycles--as you said "dangerous." I have quite a bit of experience in the LNG shipping world, but personally stay away from investing there. Gotaas Larsen, aka Golar LNG (GLNG) would have made a nice play in the past two years.

On the shoreside aspect of LNG Cheniere Energy (LNG) has been very nice in the past 28 months or so having made a run from $2.32 to over $22 today. Nice!