Kawasaki Kisen, 3 Others Plan LNG Bunkering Venture
Kawasaki Kisen Kaisha, Chubu Electric Power , Toyota Tsusho, and Nippon Yusen KK say they have started discussions to launch a business supplying liquefied natural gas (LNG) to fuel ships.
Discussions to focus on supplying marine traffic in the Chubu region in central Japan and building supply networks for customers using the fuel, companies said in statement on Friday. LNG has been promoted as an alternative to bunker fuel oil for shipping lines facing a 2020 deadline to meet new international standards on sulphur emissions.
Reporting by Aaron Sheldrick