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

Marubeni joins LNG bunker coalition

Japanese firm is the latest to support the uptake of LNG as a marine fuel by becoming a SEA\LNG member.

Updated on 31 May 2017 09:56 GMT

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, today announced that it has welcomed Japan's Marubeni Corporation to its expanding membership.

Since its launch in July 2016, SEA\LNG's membership has grown from 13 to 25 members. Recent additions in 2017 include Bureau Veritas, Clean Marine Energy, Gas Natural Fenosa, JAX LNG, Petronet LNG and Toyota Tsusho Corporation.

Commenting on Marubeni's membership, SEA\LNG chairman and executive vice president of TOTE Inc, Peter Keller, said: "Marubeni has a great wealth and breadth of expertise in relation to LNG and we welcome their knowledge as we continue to support the energy transition in shipping. SEA\LNG will continue to unite organisations that work together to address market barriers to LNG uptake, and to help transform the use of LNG as a marine fuel into a global reality."

Founded over 150 years ago, Marubeni has decades of experience in importing and exporting products, providing services and business investments for a broad range of sectors including energy, chemicals, as well as power, logistics, and infrastructure projects. The company has been involved in LNG industries by equity participation in liquefaction projects, trading, gas-fired power projects, and owning LNG carriers. The company also has a history of bunker fuel trading for more than 40 years.

Akihiko Sagara, Executive Officer and Chief Operating Officer of Energy Division, Marubeni Corporation, said: "Although our company has expertise in multiple sectors, we view LNG as a core business field within our multifaceted service offering. By embracing collaboration with stakeholders in related industries, we remain committed to safeguarding the global environment in which we operate, and are privileged to be partnering with a like-minded organisation. Together with our partners, we look forward to collaboratively working towards a cleaner, more efficient shipping environment."

In March, Bunker Index reported that SEA\LNG had signed a memorandum of understanding (MoU) with the Society for Gas as a Marine Fuel (SGMF) to create a framework for how the two organisations will work together to achieve their common goal of making LNG the fuel of choice for the shipping industry.

Earlier this year, in January, SEA\LNG stressed that a collaborative approach to understanding the opportunities and then tackling the associated commercial barriers to LNG was "crucial" to encourage its use as an alternative to traditional bunker fuels.

"We all need to do more to help break down the commercial barriers to LNG, particularly in the deep-sea shipping segment. From LNG suppliers, bunkering companies, shipping lines, and shipyards, to OEMs, classification societies, and port authorities, organisations from across the marine value chain must work together to collectively drive the change needed for the industry to meet the environmental thresholds," Peter Keller said in January.

Related Links:

LNG bunker coalition adds three new members
SEA\LNG and SGMF sign MoU
SEA\LNG coalition adds three members
Collaboration 'crucial' to overcoming LNG challenges, says coalition
Total joins SEA\LNG coalition

Latest News:

EGCSA 10th anniversary workshop to be held in London
EGCSA member survey reveals scrubber system increase
Oil and fuel oil hedging market update
Many unresolved issues left for last PPR meeting before 2020: IBIA
Volatility and supply
IBIA calls for bunker sample verification guidelines before 2020
GP Global inks accord to produce and market Cepsa marine lubes in India
Oil and fuel oil hedging market update
North P&I launches guide on avoiding and defending bunker disputes
Build in stockpiles and record high U.S. oil production
IMO working group develops plan to help ships prepare for 2020
Oil and fuel oil hedging market update

Page Links:

Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Cape Town
Las Palmas
New Orleans
Rio de Janeiro
Latest News
Middle East
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Fuel Quality
Lubes & Additives
Oil Spills
Port News
Services, Products, Technology
Statistics & Research
Contact & Terms
Contact Us
Terms & Conditions
Privacy Policy
Upcoming Events