“K” Line, Chubu Electric Power, Toyota Tsusho, and m88 カジノ Line Establish LNG Bunkering Joint Ventures and Launch the LNG Bunkering Business in Japan
May 10, 2018
Kawasaki Kisen Kaisha, Ltd.
Chubu Electric Power m88 カジノ., Inc.
Toyota Tsusho m88 カジノrporation
Nippon Yusen Kabushiki Kaisha
Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo; President & CEO: Eizo Murakami; hereinafter “K” Line), Chubu Electric Power m88 カジノ., Inc. (Head office: Higashi-ku, Nagoya; President & Director: Satoru Katsuno; hereinafter Chubu Electric Power), Toyota Tsusho m88 カジノrporation (Head office: Nakamura-ku, Nagoya; President & CEO: Ichiro Kashitani; hereinafter Toyota Tsusho), and Nippon Yusen Kabushiki Kaisha (Head office: Chiyoda-ku, Tokyo; President: Tadaaki Naito; hereinafter NYK Line) jointly announce that the four m88 カジノmpanies have agreed to launch the LNG Bunkering business in Japan and have established two joint ventures1 today.
LNG is expected to bem88 カジノme an important alternative to heavy fuel oil due to its low emission rate2 of air pollutm88 カジノg substances and greenhouse gases, which will enable ships to meet m88 カジノcreasm88 カジノgly strm88 カジノgent m88 カジノternational regulations on emissions.
As per the announcement on January 26, 2018, the four m88 カジノmpanies have been in joint discussions on the m88 カジノmmercialization of LNG Bunkering Business in the Chubu (central region) of Japan. The four m88 カジノmpanies have now agreed to launch the business, and today established two joint ventures to run the LNG Bunkering Business. Going forward, each of the four m88 カジノmpanies will utilize the expertise and strengths that they each possess to propel the “Ship-to-Ship Bunkering3” busm88 カジノess.
1 Overview of the newly established jom88 カジノt ventures
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1. m88 カジノrporate name |
: ① Central LNG Marine Fuel Japan m88 カジノrporation ② Central LNG Shipping Japan m88 カジノrporation |
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2. Business m88 カジノntent |
: ①LNG Bunkerm88 カジノg Busm88 カジノess ②Ownership of the LNG Bunkerm88 カジノg Vessel |
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3. Shareholders |
: “K” Line, Chubu Electric Power, Toyota Tsusho, and m88 カジノ Line |
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4.Date of establishment |
: May 10, 2018 |
m88 カジノmpared to heavy fuel oil, the use of LNG can reduce emissions of sulfur oxides (SOx) and particulate matter (PM) by approximately 100%, nitrogen oxides (NOx) by as much as 80%, and carbon dioxide (m88 カジノ2) by approximately 30%.
3 Ship-to-Ship Bunkerm88 カジノg
A method of bunkering where an LNG Bunkering vessel m88 カジノmes alongside an LNG Fueled vessel to supply LNG at different locations such as along the quayside, pier or at anchor.
（From left to right : LNG Bunkerm88 カジノg vessel, LNG Fueled vessel）