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White Smoke bunkering company shuts down

LNG Industry,

Johan Algell, the founder of LNG bunkering company White Smoke, and co-founder of White Smoke Shipping, has called time on the two companies. He addressed the following letter to friends, colleagues and business associates:

“After four years of continuous aspiration in relation to the development of White Smoke AB and White Smoke Shipping AB the time has come to call it a day. It has been four fantastic years full of both successes and disappointments, stimulating meetings and hard work.

“During these years the development of LNG as marine fuel has moved from being an awkward regional buzz of Norwegian origin to become a global development increasingly difficult to review. I started White Smoke with the opinion that LNG is the future fuel of shipping and even if the development has been much slower than expected four years ago, my original opinion still stands stronger than ever.

“Fortunately I will not leave the LNG as marine fuel world since I, from 1st January 2014, will join the Scandinavian LNG supplier Skangass in a position as Business Development Manager – Marine LNG. Skangass, who by far is the largest small scale LNG supplier in Scandinavia, has quite recently started deliveries to the marine sector delivering among others LNG to Bit Viking and the two new LNG fuelled Fjord Line ferries. It is with great reassurance [that] I join Skangass hoping to contribute to their aim to become the leading supplier of LNG to the marine sector in Northern Europe.

“Due to this development, White Smoke Shipping will be wound up and the formal cooperation between White Smoke AB and Frederiet AB is already put to an end. All commitments related to White Smoke AB will be finalised and delivered in line with existing agreements but no new commitments will be accepted.

“I would also like direct a sincere thanks all of you who have contributed to the development of White Smoke and then especially to all my friends on Frederiet, Crew Chart Ship Management, Omega Marine and Delta Marine.”

Adapted from press release by Katie Woodward

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