Nippon Yusen Kabushiki Kaisha (NYK) Thursday signed a memorandum of understanding (MOU) with three energy firms on the commercialisation of a new business to supply liquefied natural gas (LNG) as a marine fuel to ships in the Setouchi and Kyushu areas of western Japan.
The joint discussions were started with Kyushu Electric Power Co., Inc., Saibu Gas Co., Ltd., and Chugoku Electric Power Co., Inc.
“The demand for LNG as a marine fuel, a practical alternative to heavy fuel oil because of its relatively low emission of air polluting substances and greenhouse gases, is expected to increase after a global 0.5% sulphur cap is introduced in 2020,” it explains.
“Therefore, NYK and the three companies have decided to examine the commercialisation of an LNG bunkering business in the Setouchi and Kyushu areas of western Japan.”
In May, NYK and a group of companies formed LNG bunkering firm Central LNG Shipping Japan Corporation (CLS), and LNG bunker tanker owning entity Central LNG Shipping Japan Corporation.
CLS placed an order with Kawasaki Heavy Industries for Japan’s first LNG bunkering vessel in early July.
Related: Japan: First LNG bunkering vessel ordered, to start ops in 2020
Related: Central LNG Marine Fuel Japan Corporation launched
Related: Japanese shipping, energy firms mull LNG bunkering business
Published: 3 August, 2018
There are currently 805 confirmed LNG-fuelled ships and 229 additional LNG-ready ships, according to Martin Christian Wold, principal consultant at DNV.
‘As the world’s largest bunkering hub, we are pleased to support the building of the first two LNG bunker supply vessels for the Port of Singapore,’ says MPA.
Fuelling of Gagarin Prospect with LNG part of LNG fuel supply agreement between Shell and Sovcomflot.
Two 2,525 TEU capacity box vessels will use engines developed by MAN Diesel & Turbo.
ICCT report indicates the predominantly-methane-based LNG marine fuel traps 86 times more heat in the atmosphere than the same amount of CO2 over a 20-year time period.
MS Münsterland is the third ship in the AG “EMS” group, after MS Ostfriesland and MS Helgoland, that will run on the environmentally friendly liquid gas.
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
