Bomin Sells Shareholding in Bomin Linde LNG
The Bomin Group sells its shareholding in Bomin Linde LNG. The company’s 50-percent stake in Bomin Linde LNG, a joint venture with Linde, is transferred to Linde AG, which in future owns all shares. Bomin’s decision is based on demand for LNG not meeting the company’s expectations, uncertainty over the LNG market’s future potential, and the slowdown in the newbuild market for which LNG-fuelled main engines is the most viable. As the marine fuel supply chain transitions in line with changing regulations, Bomin believes that the market for LNG is, and will be impacted by the potential development of other alternative fuels, and an increase in the adoption of scrubbing technology.