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
Vessels from EPS’ existing tanker fleet that use MAN engines will be retrofitted to be powered by methanol and ammonia which will be supplied by OCI.
NYK Line, Toshiba Energy Systems, Kawasaki Heavy Industries Ltd, ClassNK, and ENEOS Corporation aim to demonstrate the commercialisation of high-power fuel cell vessels.
The fuel is a 0.50% sulphur residual-based fuel (VLSFO) processed with a second generation waste-based FAME component and will be available later this year, it said.
Heineken has already entered an agreement with the group to utilise the service for transporting beer from its brewery in Zoeterwoude to Moerdijk.
Itochu Enex, Ube Industries, and Uyeno Transtech have set up a joint venture to supply ammonia as a marine fuel and development supply bases, reports Argus Media.
Project investigates alternative means for eliminating emissions, including the use of fuel cells, to provide an emission-free solution for deep sea shipping.
‘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.
