Japanese shipping firm IINO Kaiun Kaisha, Ltd (IINO) has an intention to integrate alternative fuels into its future operations, says its earnings results presentation for the fiscal year ended 31 March, 2018 released in June.
The company noted entering into a time charter contract with Waterfront Shipping Company Limited (WFS) for a newly built methanol-fuelled 49,000 dwt chemical tanker.
It plans to jointly build the vessel with Mitsui & Co.,Ltd. at Hyundai Mipo Dockyard Co.,Ltd. (Korea); the dual-fuelled newbuilding will be the company’s first.
“Methanol is a safe, biodegradable and clean-burning fuel that significantly decreases emissions of sulphur oxide and nitrogen oxides,” it says.
IINO also noted the start of a survey of demand for liquefied natural gas (LNG) fuelled vessels and LNG bunkering vessels through the fuel conversion of existing regional/coastal LNG tankers.
The Japanese shipping sector has made clear their intention to get ready for LNG bunkering.
The International Transport Forum, an organisation within the Organisation for Economic Co-operation and Development (OECD), in late April published a policy analysis report to assess Japan’s ambition to become an international bunkering hub for LNG.
Kawasaki Kisen Kaisha, Ltd. (“K” Line), Chubu Electric Power Co., Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha (NYK Line) in May jointly announced the establishment of Central LNG Marine Fuel Japan Corporation.
Related: ITF/OCED assess Japan’s goal to be LNG bunkering hub
Related: Central LNG Marine Fuel Japan Corporation launched
Published: 21 June, 2018
Chris Chatterton of the Methanol Institute explains to Manifold Times why bunker buyers should be looking at methanol post 2020.
Stakeholders are now designing the technology integration for the first facility, in Sweden and expects to be supplying eMethanol as a marine and road fuel from 2023.
‘Our early conversations with potential customers are so far very positive,’ says Head of Industrial Bulk.
Project initiated in 2015 and was funded by the EU through the Horizon 2020 and Innovation Program.
3,300 mt of LNG was delivered in less than 24 hours thanks to the cooperation of partners Heerema, Anthony Veder and Port of Rotterdam Authority.
Starts initiative to remove and convert non-recyclable plastics from North Sea to bunkers for fishing fleet.
‘Generally, you have to heat VLSFOs to prevent waxing, but the more you heat them the lower the shelf life is going to be,’ Dr Malcolm Cooper, the Group Managing Director of VPS, tells Manifold Times.
Current low prices for road and aviation fuels in September could mean another increase of flashpoint off-spec cases for MGO when players start introducing the products back into the bunker stream.
Some bunker suppliers at various ports have even achieved their sales target for the year; the trend doesn't seem to be slowing down and suppliers are expecting a boom during end of September.
The company has entered a memorandum of agreement with Millenium Satu Ltd to acquire the 7,550 dwt oil tanker to increase service flexibility; vessel will be paid over an installment period of 36 months.
Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.
An earlier MPA notice outlined precautionary measures for personnel to observe when conducting marine refuelling operations at port in order to minimise the risk of contracting Covid-19.
