BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Yokohama targets ship-to-ship LNG bunkering in 2020

Annual sales of 100,000-150,000 tonnes needed for ship-to-ship bunkering project to be profitable, says MLIT.





Updated on 28 Dec 2016 07:33 GMT

The ports and harbours bureau of the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in Japan has this week announced the completion of a feasibility study to develop the port of Yokohama as an LNG bunkering hub.

In the feasibility study, MLIT has published a roadmap for the development of LNG bunkering at Yokohama in three phases.

The first phase, which was carried out in November, involves the optimization of truck-to-ship bunkering by decreasing the distance between the LNG supply truck and the LNG-fuelled ship.

Phase two, which has been scheduled to be completed in 2020, involves the introduction of ship-to-ship bunkering at the Sodegaura LNG terminal in Tokyo Bay, where infrastructure is already in place for the supply of LNG to ships. According to MLIT, approximately 6 billion yen ($51.1 million) will be needed for improvements to the LNG terminal and investment in an LNG bunkering vessel.

Phase three will involve improvements to Yokohama's ship-to-ship bunkering infrastructure with the introduction of a new LNG supply system and a second LNG bunker delivery vessel. This is expected to cost 10 billion yen ($85.2 million).

MLIT says demand will need to be between 100,000 and 150,000 tonnes per year for phase two to be profitable. According to its demand forecast, the conversion rate to LNG-fuelled vessels will be between 5 and 27 percent during the 2025-2030 period. With a conversion rate of 5 percent in the Yokohama area, MLIT says annual LNG demand would be 90,000 - 250,000 tonnes. A 10 percent conversion rate would result in an annual demand of 180,000 - 500,000 tonnes, whilst 360,000 - 1,000,000 tonnes would be sold if the conversion rate was 20 percent, MLIT says.

Earlier this year, in June, MLIT established a steering committee to examine the possibility of establishing LNG bunkering stations in Japan, teaming up with Nippon Yusen Kabushiki Kaisha (NYK Line) and Tokyo Gas.

Other participants in the project are: Yokohama Kawasaki International Port Co., Ltd.; the City of Yokohama; the Agency for Natural Resources and Energy of the Ministry of Economy, Trade and Industry; the Maritime Bureau; the Ports and Harbours Bureau; and the Japan Coast Guard.

The study group held its first meeting on 9th June to look into the feasibility of developing the first LNG refuelling facility at Yokohama, which was used as a model case. At the first meeting, participants examined the technological and infrastructural requirements, market factors and project costs.

Tokyo Gas already has LNG infrastructure in Yokohama: its Ohgishima LNG terminal has been operating since January 1998, while its Negishi LNG terminal went into operation in May 1966.

NYK Line also has LNG interests in Yokohama: in September last year, the shipping firm received delivery of its first LNG-fuelled tugboat, the Sakigake. The vessel has been chartered to Wing Maritime Service Corporation and operates mainly at the ports of Yokohama and Kawasaki. It is able to run on either LNG or marine diesel oil (MDO). LNG fuel for the new tugboat is supplied by Tokyo Gas from a tanker truck using the truck-to-ship bunkering method at a pier in Yokohama.

Image: The world's first ship-to-ship LNG bunkering operation between two independent ocean-going vessels, carried out between the M/T Ternsund and the Coral Energy on 3rd September 2016.






Related Links:

Plan to develop LNG bunkering facility in Yokohama
NYK receives delivery of LNG-fuelled vessel
Maritime network formed to develop harmonised LNG bunkering standards worldwide
Yokohama
Japan

Latest News:

Hurtigruten to upgrade up to nine ships to gas-electric power
All-electric vessel launched for Norwegian fjord route
Wartsila CEO talks up 'critical role' of LNG, calls for 'clear' GHG roadmap
Industry coalition makes case for LNG in wake of MEPC 72
Oil and fuel oil hedging market update
Brent closed at $75 but quickly fell to current levels of $73-74
Itsas Gas secures Cepsa supply contract; Oizmendi starts bunkering in Huelva
Eco Marine Power to expand Aquarius Eco Ship Project
Wartsila in first optimised maintenance tie-up for LNGPac system
Bullish momentum sends oil prices above three-year high
Oil and fuel oil hedging market update
Nor Lines LNG-fuelled ships to include Rotterdam in weekly service




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events