K Line, NYK Line and Partners Set Up LNG Bunkering Business

NYK Line containershipIllustration; Image Courtesy: NYK Line

Japanese shipping companies K Line and NYK Line have teamed up with Chubu Electric Power and Toyota Tsusho on establishing LNG bunkering business in Japan.

To that end, the quartet has launched two joint ventures on May 10, Central LNG Marine Fuel Japan Corporation and Central LNG Shipping Japan Corporation, which will run the business.

The talks on potential cooperation were launched in January this year as the four companies wanted to tap into the growing interest in LNG as environmentally friendly fuel.

This is in particular important taking into account the role of LNG as an alternative to heavy fuel in the anticipation of the entry into force of more stringent environmental regulations on a global scale.

Compared to heavy fuel oil, the use of LNG can reduce emissions of sulfur oxides (SOx) and particulate matter (PM) by approximately 100 pct, nitrogen oxides (NOx) by as much as 80 pct, and carbon dioxide (CO2) by approximately 30 pct, a joint release said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >