Seven Japanese companies, namely Asahi Tanker Co., Ltd., Idemitsu Kosan Co., Ltd., Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Ltd., Tokio Marine & Nichido Fire Insurance Co., Ltd., Tokyo Electric Power Company, and Mitsubishi Corporation on Wednesday (20 May) announced their establishment of the ‘e5 Consortium’.
The consortium aims to establish new ocean shipping infrastructure services through various initiatives to develop, realise, and commercialise zero-emission electric vessels.
The association will be based on the realisation of five core values: “electrification,” “environment,” “evolution,” “efficiency,” and “economics.”
Coastal shipping in Japan faces structural issues such as a shortage of mariners due to the aging of the seagoing workforce, not to mention the aging of the vessels, said the consortium.
In addition, the ocean shipping industry has urged the coastal shipping industry to reduce emissions of greenhouse gases (GHGs) as one of Japan’s measures to address climate change.
All seven corporate members of the ‘e5 Consortium’ are focusing their resources to develop the potential of electric vessels to solve these urgent issues.
The consortium says it aims to establish a platform that offers innovative ocean shipping infrastructure services based on electric vessels bringing to bear the strength, technological know-how, networks, and other advantages of each member company.
As the first phrase of the project, the consortium states it plans to launch the world’s first zero-emission electric tanker, powered by large-capacity lithium ion batteries, by March 2022. E5 Lab. Inc. will serve as the executive office of the e5 Consortium.
Manifold Times in late March reported Japanese marine transportation company Asahi Tanker Co. Ltd. deciding to build two of the world’s first zero-emission electric propulsion bunker tankers.
Photo credit: e5 Consortium
Published: 22 May, 2020
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.