A CONTAINERSHIP powered by a liquefied natural gas (LNG) will save about US$10 per TEU against a vessel working on conventional fuel.

Senior consultant of ocean shipping consultants David Bull said $9-$12 per TEU can be saved by an ocean-going container carrier of average capacity operating between South Korea and Rotterdam.

Mr Bull said at the VIII annual international congress Oil Terminal held in St Petersburg that a feeder service carrier can save about $5 per TEU, reported IAA PortNews.

The calculations have taken into account that LNG fuel system requires two to five per cent more space.