Shippers establish Japanese LNG bunkering JV
K Line, Chubu Electric Power, Toyota Tsush, and NYK Line have agreed to launch an LNG Bunkering business in Japan and have established two joint ventures.
As announced in January, the four companies have been in joint discussions on the commercialisation of LNG Bunkering Business in the Chubu (central region) of Japan. The four companies have now agreed to launch the business, and have established two joint ventures to run the LNG Bunkering Business.
Going forward, each of the four companies will utilise the expertise and strengths that they each possess to propel the “Ship-to-Ship Bunkering” business.
LNG is expected to become an important alternative to heavy fuel oil due to its low emission rate of air polluting substances and greenhouse gases, which will enable ships to meet increasingly stringent international regulations on emissions.
For more information, visit: www.klineurope.com
14th May 2018