Friday 16th Nov, 2018

Four Japanese firms announce LNG bunker business

Photo: Kogas
Photo: Kogas

FOUR major players in the Japanese energy, trading and shipping worlds have combined to launch an LNG bunkering business in Japan.

Central LNG Marine Fuel Japan Corporation was officially established on 10 May and its shareholders include “K” Line, Chubu Electric Power, Toyota Tsusho and NYK Line.

Compared with the use of heavy fuel oil, LNG can almost completely eliminate sulphur oxide and particulate matter emissions, reduce nitrogen oxide emissions by 80%, and reduce carbon dioxide emissions by about 30%.

With the impending IMO cap on sulphur emissions from shipping, LNG is looking to be an alternative to heavy fuel oil, with shipping companies ordering more LNG-powered vessels, including nine LNG-powered 22,000-TEU containerships on CMA CGM’s orderbook.

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