Japanese shipping companies Kawasaki Kisen Kaisha (“K” Line), Nippon Yusen Kabushiki Kaisha (NYK Line) and energy firms Chubu Electric Power and Toyota Tsusho Corporation have started discussions for a joint liquefied natural gas (LNG) business.
The quartet is planning to start operations to supply LNG bunkers at the Chubu (central region) of Japan.
“LNG is expected to become an important alternative to heavy fuel oil due to its relatively low emissions of air polluting substances and greenhouse gases, which will enable ships to meet increasingly stringent international regulations on emissions,” they said in a joint statement.
“The four companies will jointly discuss specific LNG customers and supply methods in preparation for the commercialisation of LNG bunkering business.”
No firm date(s) has been announced for further developments.
Published: 29 January, 2018
Up to 1.8 million tonnes of LNG per year will be supplied from 2023; each cargo delivered will have a statement of GHG emissions measured from well to discharge port.
An example is the use of Smart glasses for remote inspection, which increase yard efficiency while improving workforce safety throughout the inspection process.
Offers ‘excellent’ rating for a fund request to support LNG engine installation project on five ferries.
Dual product vessel that will mainly operate in the North-Adriatic Sea is scheduled for delivery in 2020.
ICCT report indicates the predominantly-methane-based LNG marine fuel traps 86 times more heat in the atmosphere than the same amount of CO2 over a 20-year time period.
‘If 2018 was the tipping point for LNG as a marine fuel, 2019 will be the year of acceleration,’ says Chairman.
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
