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.
Published: 21 June, 2018
Glander International Bunkering (Norway) AS seeking payment of USD 115,963.52 (not including contractual compensation and interests) from the vessel’s demise charterer, according to court documents.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.