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“K” Line, Chubu Electric Power, Toyota Tsusho, and NYK Line establish LNG bunkering joint ventures

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LNG Industry,

Kawasaki Kisen Kaisha, Chubu Electric Power Co., Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha have agreed to launch an LNG bunkering business in Japan and have established two joint ventures.

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.

As per the announcement on 26 January 2018, the four companies have been in joint discussions on the commercialisation of an LNG bunkering business in the Chubu 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.

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Japan LNG news