South Korean public natural gas company Korea Gas Corporation and Busan Port Corporation (BPC) Thursday signed a "Business Agreement for Establishment and Activation of the Busan Port LNG Bunkering System" at the headquarters of BPC.
The agreement sees both firms conducting a joint feasibility study on establishing a LNG bunkering business to supply LNG as marine fuel to vessels entering Busan port by the first half of next year.
The study will include a comprehensive review of building a Floating LNG Bunkering Terminal at Busan port.
“In particular, Pusan ??Port is the largest port in Korea and is close to Korea Gas Corporation's Tongyeong LNG base with six major ports (in terms of freight volume in '17) in the world, which is favourable for the development of the LNG bunkering business,” says KOGAS.
“In the future, if the domestic fleet of vessels is gradually converted to LNG, it is anticipated that it will be possible to reduce 2,500 tons of fine dust emitted by ship in 2030 by 20%
“Through this event, KOGAS hopes to establish more concrete measures to build and revitalize the LNG bunkering infrastructure of Pusan ??Port by establishing a cooperative relationship with Busan Port Corporation and LNG bunkering.”
The South Korean government is supporting the use of LNG as a marine fuel, and is positioning the development to ‘revitalise’ the country’s LNG-fuelled shipbuilding sector.
Related: KOGAS supports push for LNG bunkering
Related: South Korea to ‘revitalise’ LNG-fuelled shipbuilding sector
Photo credit: KOGAS
Published: 6 July, 2018
‘Tackling climate change is too big a challenge for one organisation to fix alone. Radical carbon reduction throughout supply chains is an absolute necessity,’ states UECC spokesman.
The Polaris New Energy will be the largest vessel of its kind when launched, and will operate as a ‘moving gas station’ to supply LNG along the east coast of the USA.
Singfar embarks on plans to put it in good stride to support Singapore and global road to maritime decarbonisation by 2030/2050, shares Pai Hong Yao, Managing Director of Singfar.
“K” Line, Chubu Electric Power, Toyota Tsusho and NYK Line planning to supply LNG bunker fuel at Japan’s Chubu region.
Port Authorities finalise standard audit tool for worldwide use after consulting key industry players.
Third and fourth LNG-powered M/S Containerships Finn and M/S Containerships Balt christened last week.
‘We are here to transfer the extremely valuable knowledge gained over the past six years to the maritime sector, such that our customers are comfortable in the use of such biofuels,’ states CEO Olivier Baiwir.
Newly appointed Anthony Mollet speaks to Manifold Times about his role, vision, value proposition and plans for the Marine Fuels Alliance to become a wide-reaching and engaging bunkering industry association.
SFP will be retrofitting VPT’s existing bunker vessel with its Full Electric Ready (FER) system and seeks to commission the vessel in the second quarter of 2022, CEO of SFP George Lee tells Manifold Times.
Equatorial Marine Fuel Management Services, Oldendorff Carriers, Lloyd’s Register and organisers took part in a Bunker Quality Claims Webinar moderated by Manifold Times on 10 November.
‘Though it did introduce temporary commercial and operational disruptions, we took a constructive view of the situation and chose to use this event as a learning opportunity,’ shares a Consort Bunkers spokesperson.
Gealubes Consulting & Trading, the authorised marine business distributor of PANOLIN EALs at Singapore port, shares a two-part education series on Environmentally Acceptable Lubricants on Manifold Times.
30 Nov 2021
