Arkas Bunkering has signed an agreement with Japanese integrated trading and investment company Sumitomo Corporation for the use of liquefied natural gas as bunker fuel in Turkish and nearby seas. Arkas is securing LNG ahead of the changes in the International Maritime Organization’s global sulfur cap to 0.5% in bunker fuels, from 3.5% currently, which will come into effect on January 1, 2020. This applies outside the designated emission control areas where the limit is already 0.10%.
Preparations for the service of LNG-powered vessels have already started, with a focus on distribution network and infrastructure, Arkas said in a press release. Ship-to-ship LNG bunkering will be offered for the first time in Turkey.
“We invest for the future in our fields of operations and make accurate projections, both of which add value not only to our company, but also to our nation and clients. The importance of sustainability is becoming even more evident day by day, and using alternative fuels takes the lead as a measure in environmental preservation,” Arkas Holding’s president Lucien Arkas said at the signing ceremony on October 16.
“Alternative fuels will be introduced for compliance with the new regulations. And we, the supplier of one-third of every vessel refuelling in Turkey, are initiating our LNG sales in partnership with Sumitomo Corporation, the Japanese expert of the field,” he added.
With the collaboration, both partners hope to propel Turkey into a major LNG bunkering hub in the East-Mediterranean sea.
Arkas Bunkering started operations in January 2006 and is the first Turkish fueling company with the capacity to perform direct refueling due to a network of offices in the Mediterranean and Black Sea ports.
Source: PlattsPrevious Next
Huge Opportunities For Investment in Maritime Sector: Nitin Gadkari
India Tanker Shipping & Trade Summit 2019