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
Shipping company is the very first operator to take on liquefied biogas at the Port of Gothenburg.
Both vessels, each from NYK and MOL, will receive LNG bunker fuel from a Kyuden subsidiary LNG firm.
Successive completion and handover for the first of such ferries scheduled from end of 2022 to early 2023.
18,000 cbm LNG bunkering vessel built for Korea Line at Hyundai Mipo Dockyard; contract includes option for second vessel.
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Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
‘We will now take the necessary time to consider and evaluate the verdict and the premises of the verdict thoroughly before making any decision of whether to appeal to a higher court,’ informs company.
