Sign up
Log in Sign up
Thu 15 Jun 2017, 09:05 GMT

Astomos and Statoil ink LPG bunkering MoU


Companies to look into collaborating in projects related to LPG bunkering.

Astomos Energy Corporation and Statoil have signed memorandum of understanding (MoU) to look into projects related to the use of liquefied petroleum gas (LPG) as a marine fuel.

In a statement, Astomos explained that the MoU is designed to enhance further cooperation between Astomos and Statoil where both firms will be sharing information and performing research into jointly collaborating in initiatives related to LPG bunkering - including LPG-fuelled vessels and the development of global supply sites for the supply of LPG as a fuel to ships.

"For the past years, Astomos and Statoil have been forming [a] respectable business partnership in the fields of seaborne LPG trading around the world," Astomos said.

Astomos added that the MoU made the partnership between both organizations "stronger" and that it would contribute to their expansion in new business areas.

Tokyo-headquartered Astomos is a leading specialist in the LPG market; the company operates more than 20 LPG vessels and is involved in LPG trading, import and distribution.

Astomos is jointly owned by Idemitsu Kosan (51 percent) and Mitsubishi Corporation (49 percent).

Hiring concept with puzzle pieces. Malik Supply seeks bunker trader for Fredericia office  

Danish company advertises role focusing on client portfolio development and energy product trading.
Hiring concept with puzzle pieces and a magnifying glass. Chimbusco Pan Nation seeks credit analysts for Asia-Pacific and Middle East expansion  

Bunker firm recruiting for Hong Kong, Singapore, and Shanghai offices with APAC and MENA focus.
Wärtsilä 20DF small dual-fuel engine render. Wärtsilä to supply biodiesel-capable engines for AMAGGI's two new Amazon pusher tugs  

Brazilian operator orders fuel-flexible engines for vessels designed to push 20 barges on inland waterways.
Fluvius Tavy vessel. Amasus installs second bound4blue wind sail on general cargo vessel  

Dutch shipowner installs what is said to be the largest suction sail ever fitted to a general cargo vessel.
Vasileios Analytis, Burando Energies. Burando Energies appoints Vasileios Analytis as commercial director in Dubai  

Marine fuel trader promoted following expanded trading activity and commercial development.
Japan Engine Corporation (J-ENG) logo. J-ENG starts development of methanol-fuelled marine engine  

Japanese engine maker targets 2027 completion for UEC50LSJM model following ammonia and hydrogen engine projects.
Mureloil 8,000-dwt vessel render. AYK Energy secures second battery contract with Mureloil for chemical tankers  

Spanish ship owner orders hybrid propulsion systems for two 8,000-dwt vessels transporting biofuels and methanol.
21,700-teu vessel render. DNV approves 21,700-teu container ship design with ammonia fuel capability  

Design by Zhoushan Changhong and CIMC ORIC can accommodate LNG or ammonia propulsion systems.
Yara Eyde vessel render. CMB.Tech invests in Chinese ammonia supply chain ahead of fleet deliveries  

Belgian shipping group secures green ammonia offtake and takes stake in Andefu supply company.
Peter Keller, SEA-LNG. UK P&I Club joins SEA-LNG coalition to support LNG marine fuel adoption  

Insurer brings 50 years of LNG experience to methane pathway coalition focused on maritime decarbonisation.




 Recommended