Japanese marine transportation company Asahi Tanker Co. Ltd. on Friday (27 March) said it has decided to build two of the world’s first zero-emission electric propulsion bunker tankers.
Asahi states the tankers will utilise the “e5 tanker” design by e5 Laboratories Inc and construction is expected to be completed in March 2022 for the first tanker and March 2023 for the second.
The vessels are pure battery tankers powered by large-capacity lithium-ion batteries, and are anticipated to enter Tokyo Bay as marine fuel supply vessels.
Both vessels are designed to completely run on batteries to achieve zero emissions from carbon dioxide (CO2), nitrogen oxide (NOx), sulfur oxide (SOx), and soot to reduce impact on the health of the crew onboard and the environment.
In addition, various digital tools will be adopted- including various automated components and the Internet of Things (IoT) fleet management application, to reduce the workload of crew onboard and improve operating efficiency.
Photo credit: Asahi Tanker Co. Ltd.
Published: 31 March, 2020
Company will continue its International Trading & Bunkering (ITB) and Marine e-Commerce business.
Reports note a remarkable increase in LNG sales that more than tripled alongside the expected surge in VLSFO sales post IMO 2020.
‘Shipping is the engine of global trade and the bunker industry fuels that engine. We must keep the engine running,’ reminds IBIA Director.
VTTI will be owned 10% by ADNOC, 45% by IFM Global Infrastructure Fund, and 45% by Vitol after development.
The refinery reportedly produced 7.1 million metric tonnes of low sulphur marine fuel in Q1 2020 and 50,000 mt in March in order to match market demands, it said.
Marine segment saw ‘strongest results’ in last five years due to seasonality and tight bunker market in Singapore.
The bunker player at Hong Kong and Chinese ports shares with Manifold Times what local shipping sectors went through during the early days of COVID-19 and how business is resuming.
April bunker sales results released on Wednesday caught several players, who expected volume to fall due to lower international trade and COVID-19, by surprise.
‘OTPL has a strong group of employees who have the requisite expertise and experience in ship chartering and management, which has commercial value and should be kept intact.’
Company believes market and business partners ‘likely to have greater confidence and comfort in continuing business dealings’ if placed under judicial management, says Director.
Panellists covered several marine fuel related topics including bunker fuel quality testing, COVID-2019, and long term storage of VLSFOs experienced during the first 100-day period.
Latest development alleges Chua Chin Lan facing total debt of approximately USD 5 million due to personal guarantees undertaken with Innovek and Global Energy Trading.
