Executive Board Of Marquard News

LNG Bunker JV Project for European Ports Supply

Bomin & Linde outline JV plans to target infrastructure supply of LNG in the European maritime sector. The Linde Group announce a joint venture with Bomin, a subsidiary of Marquard & Bahls, to build infrastructure for liquefied natural gas in the European maritime sector. The transaction, subject to the approval of the relevant antitrust authorities is due to start its operations in the latter part of 2012 with  headquarters in Hamburg. The Joint Venture company will establish operations in a number of key ports throughout the so-called "Emission Control Areas" in North-West Europe. Vessel emissions in ECAs will have to be reduced from January 1st 2015, which would force ship owners to limit their sulphur emissions drastically.