Trading company Nimofast Brasil S.A. has signed a partnership agreement with the Norwegian company Kanfer Shipping AS to offer small and medium-scale LNG shipping, small scale floating storage units (FSU) and LNG bunkering solutions to its clients in Brazil from 2025 onwards, the two companies said in a joint statement on (Tuesday) 22 November.
The contract with Kanfer enables Nimofast to provide a full integrated solution to sell and deliver LNG of any volume via small and medium-scale LNG vessels to customers to any location along the Brazilian coast line. The LNG vessels and LNG bunker ships will be loaded via the permanently based FSU at the Nimofast LNG import- and distribution terminal in the state of Paraná.
Stig Hagen, CEO at Kanfer Shipping said: “We are very much looking forward to cooperating with Nimofast by using our patented technologies to improve both the availability and accessibility of LNG for the customers in Brazil as well as being cost efficient. Kanfer’s innovative, small-scale solutions for sea transport, storage and bunkering create a virtual LNG pipeline, solving a critical gap in the LNG supply chain”.
Nimofast Brasil S.A. is an LNG project development company with its roots in trading and is fully licensed and authorized by ANP to import LNG to Brazil. Nimofast recently announced that it secured enough LNG offtake volumes to justify FID (Final Investment Decision) via supply contracts with GNLink, a company controlled by asset manager Lorinvest, and with energy trading company Migratio Gas. The terminal is expected to be operational in 2025.
Nimofast President Ramon Reis: “We noticed that many clients in Brazil, either require relatively small volumes of LNG, or do not have suitable port infrastructure to build or to justify their own LNG import terminal. Via the partnership with Kanfer Shipping, we are able to offer and deliver LNG to any customer along the Brazilian coastline regardless the requested volumes or port draft limitations. We also see LNG bunkering as a growth market to meet environmental- and economic objectives by using LNG as a fuel in shipping”.
Maius GmbH, a Swiss structuring and project finance advisor, is advising Nimofast on the structuring of its debt and equity, strategic partnerships, and risk mitigation of the project. “We congratulate Nimofast and the partners on achieving another important milestone that will contribute to the energy transition and security in Brazil. We are proud to be part of the team and to be the lead adviser for this privately funded market leading project” said Stefan M. Rohmer, Maius GmbH’s CEO.
Photo credit: Kanfer Shipping
Published: 23 November, 2022
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.