Japan’s Sumitomo Corp, Uyeno Transtech Ltd and Yokohama-Kawasaki International Port Corporation concluded a memorandum to conduct a joint study on ship-to-ship LNG bunkering in Tokyo Bay, Sumitomo Corp said Thursday.
“The three companies will jointly study the commercial feasibility of ship-to-ship LNG bunkering services using LNG bunkering vessels, all the while remaining open to possible participation in such a business venture by LNG-related companies,” Sumitomo said in a statement.
Japan, the world’s largest LNG importer accounting for about 35% of global demand, is set to play a significant role in LNG bunkering as the marine industry turns to cleaner fuel options to comply with stricter environmental regulations, including the International Maritime Organization’s 2020 global sulfur cap.
A report by Japan’s Ministry of Land, Infrastructure, Transport, and Tourism in 2016 set out a three-phase road map for the development of an LNG bunkering base.
According to the report, Phase I had already started with the introduction of truck-to-ship bunkering.
Phase II comprises STS bunkering using the Sodegaura LNG terminal in Tokyo Bay where the infrastructure is already in place to supplying LNG to ships by 2020.
Phase III will strengthen STS supply capacity by introducing a new LNG supply system and another bunkering ship at Yokohama once demand reached a certain level, it said.
Source: PlattsPrevious Next
2018 is Likely To Be The Best Growth Year Since 2011:Mr Vishavdeep Gautam, C O O , WOMAR Logistics
India Tanker Shipping Trade Summit 2018