Japanese shipping company NYK Line on Wednesday (29 September) said it has signed a Memorandum of Understanding (MOU) with Itochu Enex, Kyushu Electric Power Company, and Saibu Gas, to discuss 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 International Maritime Organization (IMO) has agreed on an ambition to reduce GHG emissions from shipping by at least 50% by 2050 compared to 2008 and Greenhouse Gas (GHG) emissions from ships to zero as early as possible in this century, says NYK Line.
LNG fuel as a marine fuel is expected to be a bridging solution to next-generation zero-emission fuels such as hydrogen and ammonia.
Therefore, the parties have decided to examine the commercialisation of an LNG bunkering business in the Setouchi and Kyushu areas of western Japan, including marketing activities to consumers such as Kyushu Electric Power Company, for its LNG-fuelled coal carriers, scheduled to be delivered in FY 2023.
The development includes plans for the construction and owning of LNG vessels required for conducting ship-to-ship supply operations where an LNG bunkering vessel comes alongside an LNG-fueled vessel to supply LNG. This can be done at various locations, such as along the quay or pier or at anchor.
Photo credit: Scott Graham from Unsplash
Published: 30 September, 2021
There is an industry trend of focusing on debt reduction instead of fleet growth in the absence of any dominant technology to meet IMO regulations, it said.
1,080 mt of marine gasoil delivered to the aircraft carrier by World Fuel Services truck fleet; operation was structured under NSPA marine fuel supply contract.
‘Almost all bunkering calls have been diverted to other ports, and north ports such as Zhoushan. Most bunkers here are for regular container liners only,’ says source.
At the time of delivery, the newbuilding will still be subject to a full review of documentation requirements pertaining to the applied rules.
R&T has access to array of confidential documents that risk being abused in order to benefit the supervisors to the detriment of the Lim family, reports Reuters.
In total, 4.18 million mt of various marine fuels were sold at the world’s largest bunkering port in December, lower than 4.29 million mt in December 2020.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
A blend of standard MGO and biodiesel, MGO B20 is distributed at the company’s floating kiosk CNC 5 which is located off the buoy of West Coast Pier; PS Energy has been stamped with globally recognised ISCC.
