A decision by Sumitomo Corporation, Uyeno Transtech and Yokohama-Kawasaki International Port Corporation (YKIP) to introduce liquefied natural gas (LNG) bunkering in Tokyo Bay was made with some risk involved, says YKIP.
The trio, which started a joint feasibility on the subject in April, is now looking to form a joint venture to own and operate a LNG bunkering vessel in the Tokyo Bay area for commencing STS (Ship-to-Ship) bunkering operations of LNG by 2020.
The risk was justified by a subsidy from the Japanese government to support LNG bunkering in Tokyo Bay, it says.
“In pursuit of promoting cleaner marine energy for the future, with little forecast of local demand in sight, YKIP believes that this challenge requires to ally and justifies to receive the governmental aid from national fund,” explains YKIP.
“Through tremendous efforts made and progressive initiatives taken by the trio to achieve the prior investment for future such government decision was finally made.”
A separate group, consisting of Kawasaki Kisen Kaisha, Chubu Electric Power Co., Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha, in early July placed an order for a LNG bunkering vessel from Kawasaki Heavy Industries through JV firm Central LNG Shipping Japan Corporation (CLS).
The CLS vessel is scheduled to be delivered around September to December 2020 and will be the first LNG bunkering vessel to be operated in Japan.
Related: Japanese shipping, energy firms mull LNG bunkering business
Related: Japan: First LNG bunkering vessel ordered, to start ops in 2020
Related: Central LNG Marine Fuel Japan Corporation launched
Published: 12 July, 2018
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.